Economics Commons^™

Covid-19 Crisis, Impacts On Catholic Schools, And Potential Responses | Part 1: Developed Countries With Focus On The United States, Quentin Wodon

Journal of Catholic Education

The COVID-19 crisis has led to widespread temporary school closures and a deep economic recession. School closures have threatened children’s ability to learn and later return to school well prepared. The impact of the economic recession is going to be even more devastating: first for students, but also for the ability of some Catholic schools to maintain their enrollment and remain sustainable financially in countries where they do not benefit from government support. This paper, the first in a set of two, looks at some of the likely impacts of the COVID-19 crisis on Catholic Schools in developed countries with …

What Can We Learn From The 1918 Pandemic? Careful Economics And Policy Lessons From Influenza, Brian J. Asquith

Upjohn Institute Policy Papers

Economists and policymakers have turned to the 1918 Spanish flu for guidance on the COVID-19 crisis, and some have been cheered by the example of its sharp post-pandemic economic recovery. Policymakers have also been encouraged to use lockdowns and school closures (called non-pharmaceutical interventions, or NPIs) in part by research showing that 1918’s NPIs saved lives while aiding the subsequent economic recovery. I review a wide range of research to caution that our own recovery will likely be harder and slower because of how the economy has evolved. I conclude by discussing pro-recovery policy that account for post-1918 economic changes.

Stock Market Drivers: Corporate Share Repurchases, Parker Wolf

Business and Economics Honors Papers

Such financial tools as share buybacks are coming under scrutiny by many investment experts. Evidence suggests that share repurchases foster a short-term focus in corporate managers who have a share-based compensation. Recent studies and research draw attention to the negative consequences of corporate share repurchases. While share buybacks were originally intended to create financial value for intrinsically undervalued shares, they are increasingly coming under scrutiny for enabling shareholders to increase their value of wealth at the expense of other stakeholders. With increased stock option plans for corporate executives, the association between increase in open market share buyback activity and compensation …

Covid-19 Impact On Puerto Rico’S Small Businesses Week 1: Data Collection Between April 26 To May 2, Jennifer Hinojosa

CUNY Centro, The Center for Puerto Rican Studies

The U.S. Census Bureau’s Small Business Pulse Survey gives an insight into Covid-19’s impact on Puerto Rico’s small businesses between April 26 to May 2, 2020.1According to this survey,2 at least 65.4 percent of Puerto Rico’s small business respondents reported a large negative effect from COVID-19 (see table 1). Puerto Rico’s small businesses (65.4%) show the highest overall impact compared to the states and nationwide (51.4%).

Grain Marketing 2020: Survival And Covid-19, Robert Tigner, Jessica J. Groskopf

Extension Farm and Ranch Management News

First paragraph:

Let’s state the obvious: this isn’t a typical year and we all know it. For farmers, it is a survival year. Why? And what might be done to make it through to the other side of the COVID-19 pandemic? This article will discuss how to build a marketing strategy to assure that the farm continues to the next crop year.

Conclusion

This year is shaping up to be a survival year for crop producers. Crop producers need to know at what crop price they will recapture all of the cash they will spend this year. Implementing a marketing …

Has Covid-19 Impacted Price-Weight Relationships And Value Of Gain?, Elliott James Dennis

Extension Farm and Ranch Management News

First paragraph:

In the beginning of COVID-19, much of the attention was focused on managing the redirection of meat product from food service to retail stores. This past month has keenly focused on packing plant closures due to COVID-19 cases among workers and how to manage the supply of fat cattle already ready for slaughter. Fat cattle available for slaughter either cannot get bids or bids are significantly below breakeven prices leaving feedlots with decisions to be made about marketing and placements. The April 2020 Cattle on Feed report (https://usda.library.cornell.edu/concern/publications/m326m174z) revealed March placement decisions. Placements were down about …

Covid-19: Projected Job Loss In Mountain West States, Marie A. Falcone, Caitlin Saladino, William E. Brown

Economic Development & Workforce

This Fact Sheet highlights Mountain West data from the Economic Policy Institute (EPI) report titled, “States are projected to lose more jobs due to the coronavirus: 14 million jobs could be lost by summer.” The original data source provides figures on the estimated job loss from private sector employment in retail, leisure, and hospitality. This Fact Sheet examines the data for large metropolitan Mountain West states (including Arizona, Colorado, Nevada, New Mexico, and Utah) with projected job loss in the coming months due to the coronavirus.

Coronavirus And The Economy: Repurposing Production, Helping The Needy, Saving Businesses, And Encouraging Job Preservation, Timothy J. Bartik, Brad J. Hershbein

Employment Research Newsletter

No abstract provided.

An Unemployment Insurance Covid-19 Crisis Response, Stephen A. Wandner, Christopher J. O'Leary

Employment Research Newsletter

No abstract provided.

Disaster Unemployment Assistance Would Help Gig, Contract, Self-Employed Workers Affected By Covid-19, Stephen A. Woodbury

Employment Research Newsletter

No abstract provided.

Pre Covid-19 Market Conditions Persist & The Stocker Industry Can Dampen The Damage, Elliott James Dennis

Extension Farm and Ranch Management News

First paragraph:

The effects of COVID-19 on the livestock market are well known and felt. Some effects include depressed futures and cash prices, unusual basis patterns, decreased packer bids and sale barn volume, packing plant closures, consumer hording of meat products, and shifting food service products for retail consumption. All these effects occurred as market participants grappled with everchanging government and industry policy which reduced consumer demand and resulted in bottlenecks and increasing supply gluts upstream. Simultaneously reducing demand and increasing supply always cause prices to plummet, and in the case of COVID-19 very rapidly. Some segments of the market …

2019/2020 Lrsp: Lindsay M. Cutler, Lindsay M. Cutler

Library Research Scholars Program

The incidence rate of homelessness in the United States has been trending positively over the last decade. The Department of Housing and Urban Development attributes this growth primarily to the West-Coast. States in this region particularly responsible for the rise in rates have significantly large concentrations of both homelessness and high-paying innovation-sector jobs in major cities–known as superstars for the extreme demand to live there. Dispersion between higher and lower-income residents is noted to be significantly higher in superstar cities. In light of the recent interference of an unprecedented pandemic, COVID-19, economists predict a significant increase in the incidence rate …

Call Center Jobs To Mitigate Unemployment And Isolation Problems Amid Coronavirus Crisis In The United States, Pepin Kazadi

Student Papers in Local and Global Regional Economies

The global economy is undoubtfully under threats of the novel coronavirus. Government and local authorities have taken precaution measures to mitigate the spread of the virus. Shutdowns and social distancing restrictions, taken in the context of fighting the spread of the virus, have prompted an unpredicted slowdown of the global economy. In the United States, the economic disruptions due to the pandemic have terribly increased the unemployment level. About 22.034 million of Americans have filed for unemployment benefits since March 21, 2020 (Mutikani, 2020). In addition, working hours have been reduced. Small businesses, such as food and beverage services, hotels, …

Did Social-Distancing Measures In Kentucky Help To Flatten The Covid-19 Curve?, Charles J. Courtemanche, Joseph Garuccio, Anh Le, Joshua C. Pinkston, Aaron Yelowitz

Institute for the Study of Free Enterprise Working Papers

In the absence of a vaccine or more effective treatment options, containing the spread of novel coronavirus disease 2019 (COVID-19) must rely on non-pharmaceutical interventions. All U.S. states adopted social-distancing measures in March and April of 2020, though they varied in both timing and scope. Kentucky began by closing public schools and restaurant dining rooms on March 16th before progressing to closing other non-essential businesses and eventually issuing a “Healthy at Home” order with restrictions similar to the shelter-in-place (SIPO) orders adopted by other states. We aim to quantify the impact of these measures on COVID-19 case growth in the …

The Evolving Impacts Of Covid-19 On Small Businesses Since The Cares Act, John Eric Humphries, Christopher Neilson, Gabriel Ulyssea

Cowles Foundation Discussion Papers

This note provides new evidence on how small business owners have been impacted by COVID-19, and how these effects have evolved since the passage of the CARES Act. As part of a broader and ongoing project, we collected survey data from more than 8,000 small business owners in the U.S. from March 28th, one day after the CARES Act was passed, through April 20th. The data include information on firm size, layoffs, beliefs about the future prospects of their businesses, as well as awareness of existing government relief programs. We provide three main findings. First, by the time the CARES …

Green Jobs Guarantee, Coronavirus, And Public Sanitation, James Olderham

Student Papers in Local and Global Regional Economies

In recent years, the idea of the Government as an “employer of last resort” (ELR) has gained traction, both in the academic and general public spheres. While the origins of this idea can be traced through several economists, one of the most prominent conceptions of the policy comes from L. Randall Wray in his 1998 book Understanding Modern Money. In this piece, Wray outlines a policy whereby the government would offer meaningful employment to essentially anyone willing and able to work. The purpose would be to effectively solve the problem of involuntary unemployment. By putting this group of people to …

Distributed Manufacturing In Dayton: Combating Covid-19 Through Public Service Employment, Joshua Pham, Grayson Thacker

Student Papers in Local and Global Regional Economies

With the decline in manufacturing in the United States following the 1980s, many once thriving cities began to fall into economic stagnation and decline. Dayton, Ohio is one of these cities, experiencing a mass exodus of its central industry, leaving behind a labor force with mismatched skills for the current job environment and a lack of opportunity. Such unemployment has only been exacerbated by the Great Recession and the more recent economic shutdown, stemming from the COVID-19 pandemic. To combat this decline and slow march to destitution, this paper proposes the implementation of a public service employment program (PSE) that …

No Double Trouble: How To Reopen The Economy., Larry Hirschhorn, Phd

School of Continuing and Professional Studies Coronavirus Papers

This policy introduces a measure of choice, consonant with our culture. Those younger than 65 can make their own personal tradeoffs between heath and livelihood, while older people, knowing that the virus will be spreading more quickly through the population will be even more cautious, thus preventing their early deaths. We return decisions to people while ensuring that the sum total of decisions does not overwhelm our hospitals. One felicitous result of this policy is that the virus will spread more quickly through the healthier population. This means that when the elderly re-engage in social life they will encounter fewer …

Disruptive Effects Of The Coronavirus – Errors Of Commission And Of Omission?, John Pourdehnad, Larry M. Starr, Venard Scott Koerwer, Harry Mccloskey

School of Continuing and Professional Studies Coronavirus Papers

It is increasingly evident that the coronavirus disease, COVID-19, is more than a health problem; it is and will continue to adversely affect work and workplaces, education, families and social engagements, political and environmental dimensions, and financial indicators. Apart from its health ramifications, the crisis is revealing serious challenges in the global supply chain. Those difficulties are, at least in part, consequences of unwise, short-sighted business decisions made over the course of decades to outsource and downsize.

Pandemic Lockdown Must Fail: Save Lives Without Crippling The Economy, Larry Hirschhorn, Phd

School of Continuing and Professional Studies Coronavirus Papers

In the following working paper, I want to make a plea for what I am calling a “reverse quarantine”—quarantining people who are over 65 (who number 52 million), before they get sick. We need to complement this policy with federally funded and locally organized efforts to support seniors in place, drawing on the wellsprings of American pragmatism, the capacity to respond in emergencies, American volunteerism, and neighbor-to-neighbor assistance. We can’t turn quarantine into imprisonment. We must work as hard as we can to create a psychological sense of community at a moment when, paradoxically, social distancing is driving us apart. …

A Study On Impact Of Covid -19 On Msmes In India, Ayesha Siddiqua, Swathi J

International Review of Business and Economics

Small Industries are more vulnerable ones as it dealt a body blow because of Covid-19 and the resultant lockdown. It is difficult for them to survive without assistance. This is because, they are unable to cope up with the difficulties that are forced on them as their survival is difficult even in normal times but now they are dealing with something so unexpected. The significance of MSMEs sector in boosting Indian economy cannot be ignored. Unless we strengthen the MSME sector, it is very little that the economy will have to look forward to. They are reaching out to the …

A Study On External Environment Of Business And Its Influence On Msmes In The Context Of Covid-19, Saranya Devi M., Nm. Anirudh

International Review of Business and Economics

Businesses across the globe has decided ‘just to survive apart from making huge profit’, from a global pandemic which has created huge disaster to economy of almost all countries in the world. In India pharmaceutical industry is improving its status day by day, on the other hand travel and tourism industry, entertainment sector, market for luxury products and services is deteriorating among which the drastic-hit is the MSMEs.This study aims at analysing various external factors influencing the performance of business especially during times of COVID-19 pandemic, those factors include political, social, cultural,economic, legal, technological, etc., The study aims at finding …

How A Pandemic Crisis Serves As A Predicament In Trade Merchandises?- A Global Panorama, V Yamuna Ph.D., Source Marie

International Review of Business and Economics

Trade and commerce occupies a vital part in burgeoning of a nation’s economy, which thereby is responsible for thriving of several global merchandises. However, the current COVID-19 scenario has casted a dark spell upon the business industry and caused the rate of imports and exports to plummet drastically. Global economists predicted an 18.5 % drop in trade, on regard with the second quarter of 2020. This precipitous decline would be attributed as horrendously enormous on record concerning the history of modern trade. As every cloud has a silver lining, the experts forecasted a much lower decline which was eventually inhibited. …

Covid-19 And Its Impact On Indian Stock Market And Pharmaceutical Sector: An Econometric Testing, Rajesh R., Chaitraprakash

International Review of Business and Economics

The rampant spread of COVID-19 outbreak, across borders and geographies, has severely impacted almost the whole world and triggered significant downside risks to the overall global economic outlook. Due to the lockdown announced by the Indian Government, the economy may slow over the next few months. For most businesses, the slowdown could be in the form of supply disruptions, fall in consumption demand, and stress on the banking and financial sectors. There has been distress in many sectors. It was also observed that this pandemic situation could boost business in sector and may highly affect some sectors. There observed a …

Leveraging Economic Growth: A Swot Analysis, Sudhanva V. Char

International Review of Business and Economics

India accounted for 30 percent or more of World GDP a little over a thousand years ago, a level no other country has attained anytime in history. Then came China’s rise, and the pillages and plunders of invaders who literally raided India. The European colonizers came soon thereafter, continuing the loot of India more systematically. Today China has made up for lost growth and has emerged as the second largest economy in the world. India, under a democratic political framework with some devious and corrupt political actors, is struggling to make progress. The last five years has witnessed much nationalistic …

Part 1: A Shock To The System: Covid-19 And Hampton Roads, Dragas Center For Economic Analysis And Policy

State of the Region Reports: Hampton Roads

COVID-19 changed how we view the Hampton Roads economy. In January 2020, the region was projected to grow faster than the nation, there were more unfilled jobs than unemployed workers and boosts in defense spending brightened our economic future. By April, however, businesses were closing, jobs were being lost and residents were under a stay-at-home order. We assess the economic toll of the COVID-19 pandemic and examine prospects for the coming year.

Part 3: Anxiety And Stress In The Workplace, Dragas Center For Economic Analysis And Policy

State of the Region Reports: Hampton Roads

Workplace stress and anxiety cost the Hampton Roads economy more than $1 billion in lost productivity and health care expenditures in 2019. We explore the economic impact of workplace anxiety, stress and depression. We highlight how COVID-19 has increased anxiety and taken a toll on African American and Hispanic households. We ask how businesses can help alleviate anxiety and stress in a time of economic uncertainty.

The State Of The Region: Hampton Roads 2020, Dragas Center For Economic Analysis And Policy, Old Dominion University, Vinod Agarwal, Andrew A. Bennett, Barbara Blake, Emily Campion, Ethan Crouson, Steve Daniel, Addie Gregory, Elizabeth Janik, Nikki Johnson, Sheila Keener, James V. Koch, Tim Komarek, Feng Lian, Sharon Lomax, Janet Molinaro, Brendan O' Hallarn, Robert M. Mcnab

State of the Region Reports: Hampton Roads

[From the introductory material]

This is Old Dominion University’s 21st annual State of the Region Report. While it represents the work of many people connected in various ways to the university, the report does not constitute an official viewpoint of Old Dominion, its president, John R. Broderick, the Board of Visitors, the Strome College of Business or the generous donors who support the activities of the Dragas Center for Economic Analysis and Policy.

Although our devotion to this work remains steadfast, our enthusiasm, admittedly, has been dampened by the COVID-19 pandemic and the toll it has taken on the region, …

Part 5: The Kids Are Not All Right: Youth Mental Health In Hampton Roads, Dragas Center For Economic Analysis And Policy

State of the Region Reports: Hampton Roads

More and more young people, particularly teenagers, report that they are anxious or depressed – a trend that has only escalated since the outbreak of the COVID-19 pandemic. This chapter looks at the state of youth mental health and the accessibility of care in Hampton Roads. The $224 million Children’s Hospital of The King’s Daughters mental health hospital now under construction will address an urgent need and place the region at the forefront of behavioral and mental health care for children.

The Distributional Short-Term Impact Of The Covid-19 Crisis On Wages In The United States, Yonatan Berman

Publications and Research

This paper uses Bureau of Labor Statistics employment and wage data to study the distributional impact of the COVID-19 crisis on wages in the United States by mid-April. It answers whether wages of lower-wage workers decreased more than others', and to what extent. We find that the COVID-19 outbreak exacerbates existing inequalities. Workers at the bottom quintile in mid-March were three times more likely to be laid off by mid-April compared to higher-wage workers. Weekly wages of workers at the bottom quintile decreased by 6% on average between mid-February and mid-March and by 26% between mid-March and mid-April. The average …