TABLE A7.
April–May 2019–2020 regression results with broader MSA groups
| (1) | (2) | (3) | (4) | (5) | (6) | |
|---|---|---|---|---|---|---|
| MSA Pop. <1 M × 2020 | −2.006* | −1.286 | −0.789 | 1.412 | 1.379 | 1.231 |
| (0.783) | (0.721) | (0.745) | (0.874) | (0.881) | (0.888) | |
| MSA Pop. 1 M+ × 2020 | −4.489** | −4.258** | −3.616** | 0.664 | 0.560 | 0.111 |
| (0.913) | (0.851) | (0.764) | (1.197) | (1.193) | (1.195) | |
| Year 2020 Dummy | −7.796** | |||||
| (0.630) | ||||||
| Ln COVID Case Rate March 2020 × 2020 | −1.107* | −1.310** | ||||
| (0.451) | (0.474) | |||||
| Ln COVID Case Rate Current × 2020 | −0.399 | −0.785* | ||||
| (0.283) | (0.331) | |||||
| % Occ. Can Work from Home × 2020 | 0.114 | 0.126 | 0.107 | |||
| (0.107) | (0.107) | (0.106) | ||||
| % Employed in Agriculture × 2020 | 0.333* | 0.344** | 0.280* | |||
| (0.133) | (0.132) | (0.138) | ||||
| % Employed in Mining × 2020 | 0.106 | 0.136 | 0.101 | |||
| (0.226) | (0.228) | (0.227) | ||||
| % Employed in Construction × 2020 | −0.050 | −0.028 | −0.124 | |||
| (0.192) | (0.190) | (0.196) | ||||
| % Emp. Wholesale/Retail × 2020 | 0.029 | 0.052 | 0.058 | |||
| (0.161) | (0.163) | (0.164) | ||||
| % Emp. Transportation/Utilities × 2020 | 0.245 | 0.223 | 0.169 | |||
| (0.171) | (0.175) | (0.183) | ||||
| % Emp. Professional Services × 2020 | −0.130 | −0.122 | −0.203 | |||
| (0.141) | (0.141) | (0.140) | ||||
| % Emp. Education/Health × 2020 | 0.169 | 0.186* | 0.116 | |||
| (0.088) | (0.088) | (0.090) | ||||
| % Emp. Leisure/Hospitality × 2020 | −0.433** | −0.415** | −0.458** | |||
| (0.143) | (0.144) | (0.150) | ||||
| % Emp. Other Services × 2020 | −0.097 | −0.142 | −0.120 | |||
| (0.329) | (0.329) | (0.332) | ||||
| % Emp. Public Administration × 2020 | 0.106 | 0.104 | 0.130 | |||
| (0.134) | (0.133) | (0.135) | ||||
| Local Area Fixed Effects | Yes | Yes | Yes | Yes | Yes | Yes |
| Indiv. Characteristics × Time Dummies | No | Yes | Yes | Yes | Yes | Yes |
| State × Time Dummies | No | No | Yes | Yes | Yes | Yes |
| F‐Test p‐Value for Industry Variables | < 0.0001 | < 0.0001 | < 0.0001 | |||
| R 2 | 0.025 | 0.280 | 0.281 | 0.281 | 0.281 | 0.281 |
| Observations | 327,795 | 327,795 | 327,795 | 327,795 | 327,795 | 327,795 |
The specification is otherwise similar to the main analysis except it uses two broad MSA group indicators (interacted with year 2020) instead of the six MSA groups in the main analysis. Specifically, MSA Pop. <1 M refers to all MSAs with population less than one million and MSA Pop. 1 M+ refers to all MSAs with population greater than one million. Non‐MSAs are again the omitted reference group.
*
Significantly different from zero at 5% level
**
Significant at 1% level.