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More working from home - aggregate and distributional impacts of shifts in residential location

Author

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  • Miles, David
  • Sefton, James

Abstract

We analyse how greater ability for some to work from home might affect relative and absolute house prices and generate impacts on welfare for different households with unequal options about flexible work. We find that a plausible calibration for the scale of greater ability of many people to work from home creates substantial long run impacts on house values, population density and welfare. The resulting pattern of house prices and location rarely generates any losers though the benefits are far from equally distributed. The implications for residential location and density are often not what one might expect.

Suggested Citation

  • Miles, David & Sefton, James, 2023. "More working from home - aggregate and distributional impacts of shifts in residential location," CEPR Discussion Papers 18092, C.E.P.R. Discussion Papers.
    • Handle: RePEc:cpr:ceprdp:18092
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    More about this item

    Keywords

    Working from home;

    JEL classification:

    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand
    • N90 - Economic History - - Regional and Urban History - - - General, International, or Comparative
    • R30 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - General
    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets

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