Table 2.
Business Reopening 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 open policy | 0.26 (0.004)*** | 0.25 (0.003)*** | 0.18 (0.003)*** | 0.27 (0.008)*** | 0.26 (0.007)*** | 0.17 (0.007)*** |
COVID19 new cases | −0.01 (0.002)*** | −0.01 (0.002)*** | −0.02 (0.002)*** | −0.024 (0.004)*** | −0.03 (0.004)*** | −0.02 (0.004)*** |
Intercept | −0.30 (0.018)*** | −0.27 (0.017)*** | −0.16 (0.014) *** | −0.33 (0.042)*** | −0.33 (0.039)*** | −0.35 (0.036)*** |
Sample size | 4037 | 4037 | 4037 | 3071 | 3071 | 3071 |
R-squared | 0.60 | 0.73 | 0.69 | 0.58 | 0.58 | 0.51 |
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.