工资保障计划对失业的短期影响

PSN: Responses to Financial Crises (Development) (Topic) Pub Date : 2020-08-05 DOI:10.2139/ssrn.3667431

Santiago Barraza, Martín A. Rossi, Timothy J. Yeager

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引用次数: 16

摘要

我们研究了工资保障计划对失业的短期因果效应。我们使用2019年一个县小企业管理局成员银行办事处的密度作为2020年4月在该县发起的PPP贷款的工具，发现该计划对失业的统计和经济影响显着。我们的研究结果凸显了这一救济政策和金融体系基础设施在2019冠状病毒病危机期间保持就业的重要性。

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The Short-Term Effect of the Paycheck Protection Program on Unemployment

We study the short-term causal effect of the Paycheck Protection Program on unemployment. Using the 2019 density of Small Business Administration member bank offices in a county as an instrument for PPP loans originated in that county during April 2020, we find statistically and economically significant effects from the program on unemployment. Our results highlight the importance of this relief policy and the financial system infrastructure in preserving jobs during the COVID-19 crisis.

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PSN: Responses to Financial Crises (Development) (Topic)

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