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The impact of the coronavirus pandemic on the market for childcare

The impact of the coronavirus pandemic on the market for childcare This paper assesses the short-term consequences of the COVID-19 pandemic on the market for childcare and speculates about potential long-term consequences of pandemic-related policy intervention.Design/methodology/approachThe paper uses basic statistics and data to describe changes in the market for childcare.FindingsPolicy responses to the pandemic likely aggravated pre-existing trends in the market for childcare, drove up the cost of production at a time when demand was collapsed because of the pandemic, and ultimately resulted in systematic closures of childcare centers. These closures will be difficult to reverse due to the high cost of entry into the industry and overall low profitability.Research limitations/implicationsThe study is just a preliminary investigation in its current form that points to future areas of research.Originality/valueThis paper summarizes the results of existing studies and draws some basic conclusions about the effects of policy intervention. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Enterpreneurship and Public Policy Emerald Publishing

The impact of the coronavirus pandemic on the market for childcare

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References (25)

Publisher
Emerald Publishing
Copyright
© Emerald Publishing Limited
ISSN
2045-2101
DOI
10.1108/jepp-03-2022-0046
Publisher site
See Article on Publisher Site

Abstract

This paper assesses the short-term consequences of the COVID-19 pandemic on the market for childcare and speculates about potential long-term consequences of pandemic-related policy intervention.Design/methodology/approachThe paper uses basic statistics and data to describe changes in the market for childcare.FindingsPolicy responses to the pandemic likely aggravated pre-existing trends in the market for childcare, drove up the cost of production at a time when demand was collapsed because of the pandemic, and ultimately resulted in systematic closures of childcare centers. These closures will be difficult to reverse due to the high cost of entry into the industry and overall low profitability.Research limitations/implicationsThe study is just a preliminary investigation in its current form that points to future areas of research.Originality/valueThis paper summarizes the results of existing studies and draws some basic conclusions about the effects of policy intervention.

Journal

Journal of Enterpreneurship and Public Policy – Emerald Publishing

Published: Oct 25, 2022

Keywords: Childcare; Pandemic; Regulation; Executive orders; Intervention; Supply; Demand; COVID-19

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