Emergency-aid for self-employed in the Covid-19 pandemic: A flash in the pan?

Autor/inn/en	Block, Joern; Kritikos, Alexander S.; Priem, Maximilian; Stiel, Caroline
Titel	Emergency-aid for self-employed in the Covid-19 pandemic: A flash in the pan? Gefälligkeitsübersetzung: Notfallhilfe für Selbständige bei der Covid-19-Pandemie: Ein Strohfeuer?.
Quelle	In: Journal of economic psychology, 93 (2022) Art. 102567, 16 S. PDF als Volltext Link als defekt meldenVerfügbarkeit
Sprache	englisch
Dokumenttyp	online; Zeitschriftenaufsatz
ISSN	0167-4870
DOI	10.1016/j.joep.2022.102567
Schlagwörter	Zukunftsperspektive; Risikobereitschaft; Selbstbewusstsein; Unsicherheit; Wahrnehmung; Deutschland; Risiko; Selbstbewusstsein; Wahrnehmung; Wirtschaftsförderung; Insolvenz; Auswirkung; Inanspruchnahme; Selbstständiger; Qualifikation; Krisenmanagement; Risikobereitschaft; Unsicherheit; Dauer; Sachbearbeitung; Förderungsmaßnahme; Pandemie; Pandemie; Wirtschaftsförderung; Qualifikation; Dauer; Auswirkung; Einflussfaktor; Inanspruchnahme; Insolvenz; Krisenmanagement; Risiko; Sachbearbeitung; Selbstständiger; Deutschland
Abstract	"The self-employed faced strong income losses during the Covid-19 pandemic. Many governments introduced programs to financially support the self-employed during the pandemic, including Germany. The German Ministry for Economic Affairs announced a EUR50bn emergency-aid program in March 2020, offering one-off lump-sum payments of up to EUR15,000 to those facing substantial revenue declines. By reassuring the self-employed that the government 'would not let them down' during the crisis, the program had also the important aim of motivating the self-employed to get through the crisis. We investigate whether the program affected the confidence of the self-employed to survive the crisis using real-time online-survey data comprising more than 20,000 observations. We employ propensity score matching, making use of a rich set of variables that influence the subjective survival probability as main outcome measure. We observe that this program had significant effects, with the subjective survival probability of the self-employed being moderately increased. We reveal important effect heterogeneities with respect to education, industries, and speed of payment. Notably, positive effects only occur among those self-employed whose application was processed quickly. This suggests stress-induced waiting costs due to the uncertainty associated with the administrative processing and the overall pandemic situation. Our findings have policy implications for the design of support programs, while also contributing to the literature on the instruments and effects of entrepreneurship policy interventions in crisis situations." The study refers to the period 2020-2020. (Author's abstract, IAB-Doku, © 2022 Elsevier)..
Erfasst von	Institut für Arbeitsmarkt- und Berufsforschung, Nürnberg
Update	2023/1