Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/221749
Authors: 
Beland, Louis-Philippe
Fakorede, Oluwatobi
Mikola, Derek
Year of Publication: 
2020
Series/Report no.: 
GLO Discussion Paper No. 585
Abstract: 
Using the Canadian Labour Force Survey, we document the short-term impact of COVID-19 on self-employed individuals in Canada, which we interpret as small business owners. We document an important decrease in business ownership between February 2020 and May 2020 (-14.8 percent for incorporated and -10.1 percent for unincorporated entities). We find a greater decrease in ownership and aggregate hours for women, immi- grants and less educated over the same period. The industries with the largest decrease are in art, culture, and recreation (-14.8 percent); in education, law and social, commu- nity and government services (-13.6 percent); and in sales and service occupations (-12.8 percent).
Subjects: 
COVID-19
Self-Employed workers
Entrepreneurship
Employment
Labour Force
Hours
JEL: 
L26
J21
J24
I18
Document Type: 
Working Paper

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