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The macroeconomics of teleworking
[Macroéconomie du télétravail]

Author

Listed:
  • Bergeaud Antonin
  • Ray Simon

Abstract

Economic research – As containment measures against Covid-19 gradually ease, one of the major structural hysteresis effects of the current crisis increasingly appears to be the spread of teleworking. The Covid-19 crisis saw a massive and forced use of teleworking as a way of ensuring the continuity of some activities, mostly in the service sector. While most countries have progressively ended the lockdown measures and allowed workers to come back to their offices, it is more than likely that 2020 will represent a major turning point in the development of teleworking over the long run, with major implications for the demand for corporate real estate. Avec la levée progressive des mesures d’endiguement de la Covid-19, la généralisation du recours au télétravail constitue l’un des principaux effets d’hystérèse structurels de la crise actuelle. Pendant cette crise, le recours massif et contraint au télétravail a permis d’assurer la continuité de certaines activités, en particulier dans le secteur des services. Si la plupart des pays ont progressivement mis fin aux mesures de confinement et autorisé les travailleurs à revenir dans leurs entreprises, l’année 2020 représentera certainement un tournant majeur dans le développement du télétravail à long terme, avec d’importantes conséquences pour la demande en immobilier d’entreprise.

Suggested Citation

  • Bergeaud Antonin & Ray Simon, 2020. "The macroeconomics of teleworking [Macroéconomie du télétravail]," Bulletin de la Banque de France, Banque de France, issue 231.
  • Handle: RePEc:bfr:bullbf:2020:231:02
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    References listed on IDEAS

    as
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    JEL classification:

    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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