Understanding the Impact of COVID-19 Intervention Policies on the Hospitality Labor Market
Keywords
Employment; Hospitality industry; Intervention policy; Labor market
Abstract
Using new high-frequency data that covers a representative sample of small businesses in the United States, this study investigates the effects of the COVID-19 pandemic and the resulting state policies on the hospitality industry. First, business closure policies are associated with a 20–30% reduction of non-salaried workers in the food/drink and leisure/entertainment sectors during March-April of 2020. Second, business reopening policies play a statistically significant role in slowly reviving the labor market. Third, considerable differences exist in the impact of policies on the labor market by state. Fourth, the rise of new COVID-19 cases on a daily basis is associated with the continued deterioration of the labor market. Lastly, managerial, practical, and economic implications are described.
Publication Date
10-1-2020
Original Citation
Huang, A., Makridis, C., Baker, M., Medeiros, M., & Guo, Z. (2020). Understanding the impact of COVID-19 intervention policies on the hospitality labor market. International Journal of Hospitality Management, 91, N.PAG. https://doi.org/10.1016/j.ijhm.2020.102660
Document Type
Paper
Language
English
Source Title
International Journal of Hospitality Management
Volume
91
Copyright Status
Unknown
Copyright Date
2020
College
Rosen College of Hospitality Management
Location
Rosen College of Hospitality Management
STARS Citation
Huang, Arthur; Makridis, Christos; Baker, Mark; Medeiros, Marcos; and Guo, Zhishan, "Understanding the Impact of COVID-19 Intervention Policies on the Hospitality Labor Market" (2020). Faculty Scholarship and Creative Works. 934.
https://stars.library.ucf.edu/ucfscholar/934