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The Work-From-Home Technology Boon and its Consequences

Author

Listed:
  • Morris A Davis
  • Andra C Ghent
  • Jesse Gregory

Abstract

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.

Suggested Citation

  • Morris A Davis & Andra C Ghent & Jesse Gregory, 2024. "The Work-From-Home Technology Boon and its Consequences," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 91(6), pages 3362-3401.
    • Handle: RePEc:oup:restud:v:91:y:2024:i:6:p:3362-3401.
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    File URL: http://hdl.handle.net/10.1093/restud/rdad114
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    Keywords

    Technology adoption; Coronavirus; Telecommuting;
    All these keywords.

    JEL classification:

    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)
    • R33 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Nonagricultural and Nonresidential Real Estate Markets

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