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These outcomes suggest that readability about the program and a streamlined course of are necessary policy issues to make sure a excessive take-up rate. Differences in policy results on relative employment between December and January. This determine plots variations in the ratio of relative employment between December 2020 and January 2020 beneath totally different policies. The December 2020 employment measure is computed utilizing a follow-up query after policy information displayed. Pooled means for the loan and CARES act responses are 0.86 and 0.ninety four, respectively. The sample dimension is 2,341, and the pooled t-statistic on the distinction between policies is …

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