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The Short-Term Effect of COVID-19 on Self-Employed Workers in Canada

Louis-Philippe Beland (), Oluwatobi Fakorede () and Derek Mikola
Additional contact information
Oluwatobi Fakorede: Department of Economics, Carleton University, https://ca.linkedin.com/in/tobifakorede

No 20-10, Carleton Economic Papers from Carleton University, Department of Economics

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, community and government services (-13.6 percent); and in sales and service occupations (-12.8 percent).

Keywords: COVID-19; Self-Employed workers; Entrepreneurship; Employment; Labour Force; Hours (search for similar items in EconPapers)
JEL-codes: L26 J21 J24 I18 (search for similar items in EconPapers)
Pages: 28 pages
Date: 2020-06-26
New Economics Papers: this item is included in nep-ent
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Published: Carleton Economics Papers

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