Productivity, Wages, and Profitability of Firms Using COVID-19-related Support Policies

Author Name MORIKAWA Masayuki (President, RIETI)
Creation Date/NO. February 2022 22-P-002
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This study, which uses original firm survey data on the use of support policies related to the COVID-19 pandemic linked with government statistics, documents productivity, wages, and profitability of the supported firms before the COVID-19 pandemic. The result indicates that the firms using support policies had lower productivity, wages, and profitability relative to the non-using firms before the pandemic. Firms that used multiple policy measures and those that used support policies repeatedly tended to show additionally lower performance.

The English version of this paper is 22-P-021.