The Work-From-Home Technology Boon and its Consequences

• 成果类型: Article
• 署名作者: Davis, Morris A.; Ghent, Andra C.; Gregory, Jesse
• 署名单位: Rutgers University System; Rutgers University New Brunswick; Utah System of Higher Education; University of Utah; University of Wisconsin System; University of Wisconsin Madison
• 刊物名称: REVIEW OF ECONOMIC STUDIES
• ISSN/ISSBN: 0034-6527
• DOI: 10.1093/restud/rdad114
• 发表日期: 2024
• 页码: 3362-3401
• 关键词: household production; equilibrium; geography; adoption; cities

摘要

We study the impact of widespread adoption of work-from-home (WFH) technology using an equilibrium model where people choose where to live, how to allocate their time between working at home and at the office, and how much space to use in production. Motivated by cross-sectional evidence on WFH, we model WFH as a complement to work at the office. Simulations of the model indicate that the pandemic induced a large change to the relative productivity of WFH that substantially increased home prices and will permanently affect incomes, income inequality, and city structure.