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Hillier-ThesisFormatCheck4.pdf (454.76 KB)
ETD Abstract Container
Abstract Header
The Effects of the Paycheck Protection Program on Labor Productivity
Author Info
Hillier, Caydn
ORCID® Identifier
http://orcid.org/0009-0001-0117-2125
Permalink:
http://rave.ohiolink.edu/etdc/view?acc_num=miami1721848406363592
Abstract Details
Year and Degree
2024, Master of Arts, Miami University, Economics.
Abstract
The Covid-19 pandemic and subsequent government-enforced business shutdowns caused massive uncertainty for small businesses. In response to this, Congress created the Paycheck Protection Program. This program gave eligible small businesses a forgivable loan to cover payroll expenses with the goal of encouraging employee retention while not actively in business. The program sought to alleviate the negative employment effects of a recession, but in doing so may have supported inefficient businesses and prevented the adaptation of new technologies. In this paper I analyze the causal effect of the Paycheck Protection Program on changes in labor productivity during the recovery from the 2020 recession. I utilize community bank saturation as an instrument to study the dynamic effects of earlier loan receipt on changes in output-per-worker over time.
Committee
Jonathan Wolff (Advisor)
Pages
30 p.
Subject Headings
Economics
Keywords
Covid-19
;
Labor Productivity
;
Fiscal Stimulus
;
Output-per-worker
;
Recovery
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Citations
Hillier, C. (2024).
The Effects of the Paycheck Protection Program on Labor Productivity
[Master's thesis, Miami University]. OhioLINK Electronic Theses and Dissertations Center. http://rave.ohiolink.edu/etdc/view?acc_num=miami1721848406363592
APA Style (7th edition)
Hillier, Caydn.
The Effects of the Paycheck Protection Program on Labor Productivity.
2024. Miami University, Master's thesis.
OhioLINK Electronic Theses and Dissertations Center
, http://rave.ohiolink.edu/etdc/view?acc_num=miami1721848406363592.
MLA Style (8th edition)
Hillier, Caydn. "The Effects of the Paycheck Protection Program on Labor Productivity." Master's thesis, Miami University, 2024. http://rave.ohiolink.edu/etdc/view?acc_num=miami1721848406363592
Chicago Manual of Style (17th edition)
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Document number:
miami1721848406363592
Download Count:
34
Copyright Info
© 2024, all rights reserved.
This open access ETD is published by Miami University and OhioLINK.