Table 1.
Business Closure Policies on Hours Worked, Employment, and Open Firms in Food/Drink and Leisure/Entertainment.
| Industry | Food & drink |
Leisure & entertainment |
||||
|---|---|---|---|---|---|---|
| Dependent variable | Working hours | Employees | Open businesses | Working hours | Employees | Open businesses |
| Business closure policy | −0.21 (0.009)*** | −0.22 (0.008)*** | −0.17 (0.007)*** | −0.26 (0.015) *** | −0.29 (0.015)*** | −0.28 (0.015)*** |
| COVID19 new cases (ln) | −0.05 (0.002)*** | −0.05 (0.002)*** | −0.04 (0.001) *** | −0.08 (0.004)*** | −0.08 (0.004)*** | −0.07 (0.003)*** |
| Intercept | −0.11 (0.016) *** | −0.09 (0.016)*** | −0.04 (0.013) *** | −0.05 (0.032) *** | −0.04 (0.031)*** | −0.01 (0.029) *** |
| Sample size | 3655 | 3655 | 3655 | 3071 | 3071 | 3071 |
| R-squared | 0.78 | 0.77 | 0.78 | 0.77 | 0.76 | 0.71 |
Note: Data sources: (1) Homebase employment data for small businesses in the food/drink and leisure/entertainment industries; (2) date-stamped business closure policy at the state level; and (3) Daily COVID-19 cases by state from the U.S. CDC website.