Data and Code for: The 2021 Paycheck Protection Program Reboot - Loan Disbursement to Employer and Nonemployer Businesses in Minority Communities
Principal Investigator(s): View help for Principal Investigator(s) Robert Fairlie, University of California, Santa Cruz; Frank M. Fossen, University of Nevada, Reno
Version: View help for Version V1
| Name | File Type | Size | Last Modified |
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| Code | 02/23/2022 03:10:PM | ||
| Data | 02/23/2022 03:10:PM | ||
| Figures | 02/23/2022 03:10:PM | ||
| Results | 02/23/2022 03:11:PM | ||
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application/pdf | 621.6 KB | 02/23/2022 10:10:AM |
Project Citation:
Fairlie, Robert, and Fossen, Frank M. Data and Code for: The 2021 Paycheck Protection Program Reboot - Loan Disbursement to Employer and Nonemployer Businesses in Minority Communities. Nashville, TN: American Economic Association [publisher], 2022. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2022-04-07. https://doi.org/10.3886/E163321V1
Project Description
Summary:
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Was the $278
billion reboot in early 2021 of the $800 billion Paycheck Protection Program
(PPP) disbursed equitably to minority communities? This paper provides the first
analysis of how PPP funds were disbursed to minority communities in the third
and final round of the program, which was specifically targeted to underserved
and disadvantaged communities. Using data on the universe
of PPP loans, we find a strong positive relationship between PPP flows, as
measured by the number of loans per employer business or loan amounts per
employee, and the minority share of the population in the third
round. The patterns are similar for loan numbers and amounts to
nonemployer businesses. The rebooted
PPP that ran from January to May 2021 appears to have been disbursed to
minority communities as intended.
Scope of Project
Subject Terms:
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entrepreneurship;
business owners;
self-employment;
nonemployer business;
Paycheck Protection Program;
PPP;
COVID-19;
coronavirus;
small business;
employer business;
minority business;
racial inequality
JEL Classification:
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J15 Economics of Minorities, Races, Indigenous Peoples, and Immigrants; Non-labor Discrimination
L26 Entrepreneurship
J15 Economics of Minorities, Races, Indigenous Peoples, and Immigrants; Non-labor Discrimination
L26 Entrepreneurship
Geographic Coverage:
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United States
Time Period(s):
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2021 – 2021
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