Table 2.
Intentions to start and close business during the pandemic (marginal effects).
| VARIABLES | Intention to close down a business | Intention to start a business |
|---|---|---|
| New skills acquired | −0.156*** (0.040) |
0.093*** (0.021) |
| Financial worry | 0.065 (0.062) |
0.060*** (0.018) |
| Preference for formal employment | 0.082 (0.057) |
−0.123*** (0.025) |
| Preference for remote work | 0.037 (0.050) |
0.065*** (0.023) |
| Female | −0.057 (0.053) |
−0.066*** (0.024) |
| Age | −0.000 (0.002) |
−0.006*** (0.001) |
| Married | 0.056 (0.052) |
0.054** (0.024) |
| Has a higher education | −0.074 (0.060) |
−0.040 (0.031) |
| Self-assessed health | −0.018 (0.014) |
−0.004 (0.007) |
| Income (below 15,000 Rub is a default) | ||
| 15,001–60,000 Rub | 0.052 (0.080) |
0.110*** (0.029) |
| above 60,000 Rub | −0.002 (0.097) |
0.228*** (0.035) |
| Employed | 0.009 (0.050) |
−0.009 (0.032) |
| Currently works in IT | −0.024 (0.092) |
0.057 (0.040) |
| Lives in Moscow or St. Petersburg | −0.341*** (0.093) |
0.148*** (0.014) |
| Region FE | yes | yes |
| Current/past occupation sector FE | yes | yes |
| Nr. of regions | 52 | 74 |
| Pseudo-R2 | 0.235 | 0.150 |
| Observations | 681 | 4,812 |
Notes: ***p < 0.01, **p < 0.05, *p < 0.1. Marginal effects are reported. Robust standard errors clustered at the regional level are in parentheses. The weights from entropy balancing are used. Controls for “difficult to say” answers to financial worry, preference for formal employment, and remote work questions, and the control for refusal to answer the question on income are included.