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Program (PPP), which was designed to support small business jobs during the COVID-19 pandemic. PPP loans were administered by … lending by race. We document that even after controlling for a firm's zip code, industry, loan size, PPP approval date, and … other characteristics, Black-owned businesses were 12.1 percentage points (70% of the mean) more likely to obtain their PPP …
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in US history: The Paycheck Protection Program (PPP). Employing a database that includes nearly 11.5 million PPP loans …
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We revisit the role of temporary layoffs in the business cycle, motivated by their unprecedented surge during the pandemic recession. We first measure the contribution of temporary layoffs to unemployment dynamics over the period 1979 to the present. While many have emphasized a stabilizing...
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Protection Program (PPP). Black-owned firms are 8.9 percentage points less likely than observably similar white-owned firms to … receive PPP loans. About 55 percent of this take-up disparity is attributable to a disparity in application propensity, while … the remainder is attributable to a disparity in approval rates. The finding in prior research that Black-owned PPP …
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in US history: the Paycheck Protection Program (PPP). Employing a database that includes nearly 11.5 million PPP loans …
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