Uber and Lyft Help Drivers Weather Financial Shocks
Small Business Labs
APRIL 3, 2018
A recent academic study found that many ridesharing drivers do so to help them work through financial shocks and smooth income volatility. The study only looked at rideshare drivers. But it points out that these benefits should extend to any highly flexible part-time employment. Consumption Insurance and Multiple Jobs: Evidence from Rideshare Drivers is based on a database of the finances for over 1.5 million households.
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