Showing 1 - 10 of 223
where to live, how to allocate their time between working at home and at the office, and how much space to use in production …. A key parameter is the elasticity of substitution between working at home and in the office that we estimate using cross …
Persistent link: https://www.econbiz.de/10012482677
We study the adoption of remote work within cities and its effect on city structure and welfare. We develop a dynamic model of a city in which workers can decide to work in the central business district (CBD) or partly at home. Working in the CBD allows them to interact with other commuters,...
Persistent link: https://www.econbiz.de/10014322881
A growing literature explores the impact of home-based versus office-based work. Differences in productivity may arise … due to a treatment effect of the office or from workers with different abilities sorting into office or home work. We … conduct an RCT in the data entry sector in India that exogenously allocates workers to the home or office. We find that the …
Persistent link: https://www.econbiz.de/10014322901
among apartment rents in the U.S. between 1974-1981. 29 percent of units had no change in nominal rent from year to year …
Persistent link: https://www.econbiz.de/10012471657
We study how the recent run-up in housing and rental prices affects the outlook for inflation in the United States. Housing held down overall inflation in 2021. Despite record growth in private market-based measures of home prices and rents, government measured residential services inflation was...
Persistent link: https://www.econbiz.de/10012938764
Digital platforms are not only match-making intermediaries but also establish internal rules that govern all users in their ecosystems. To better understand the governing role of platforms, we study two Airbnb pro-guest rules that pertain to guest and host cancellations, using data on Airbnb and...
Persistent link: https://www.econbiz.de/10012585362
accurate forecasts than owners, although their forecasts are more dispersed and their mean squared forecast errors are higher …
Persistent link: https://www.econbiz.de/10012585379
This paper argues that rental market interactions allow small firms to increase their effective scale and mechanize production, even when each individual firm would be too small to invest in expensive machines. We conduct a novel survey of manufacturing firms in Uganda, which uncovers an active...
Persistent link: https://www.econbiz.de/10012585412
What explains record U.S. house price growth since late 2019? We show that the shift to remote work explains over one half of the 23.8 percent national house price increase over this period. Using variation in remote work exposure across U.S. metropolitan areas we estimate that an additional...
Persistent link: https://www.econbiz.de/10013210069
rent level that is closer to the city of origin, relative to comparable locals. Building on "Memory, Attention, and Choice … database of experiences such as rents. The current rent cues recall of past rents, giving rise to a rental norm. A large … discrepancy between the current rent and the memory-based norm surprises and attracts the mover's attention, distorting choice …
Persistent link: https://www.econbiz.de/10012479601