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  1. Internet Access and its Implications for Productivity, Inequality, and Resilience
    Autor*in: Barrero, Jose Maria; Bloom, Nicholas; Davis, Steven J.
    Erschienen: 2021
    Verlag:  National Bureau of Economic Research, Cambridge, Mass

    About one-fifth of paid workdays will be supplied from home in the post-pandemic economy, and more than one-fourth on an earnings-weighted basis. In view of this projection, we consider some implications of home internet access quality, exploiting... mehr

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    Sächsische Landesbibliothek - Staats- und Universitätsbibliothek Dresden
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    Universitätsbibliothek Freiburg
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    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
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    Staats- und Universitätsbibliothek Hamburg Carl von Ossietzky
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    Technische Informationsbibliothek (TIB) / Leibniz-Informationszentrum Technik und Naturwissenschaften und Universitätsbibliothek
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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    About one-fifth of paid workdays will be supplied from home in the post-pandemic economy, and more than one-fourth on an earnings-weighted basis. In view of this projection, we consider some implications of home internet access quality, exploiting data from the new Survey of Working Arrangements and Attitudes. Moving to high-quality, fully reliable home internet service for all Americans ("universal access") would raise earnings-weighted labor productivity by an estimated 1.1% in the coming years. The implied output gains are $160 billion per year, or $4 trillion when capitalized at a 4% rate. Estimated flow output payoffs to universal access are nearly three times as large in economic disasters like the COVID-19 pandemic. Our survey data also say that subjective well-being was higher during the pandemic for people with better home internet service conditional on age, employment status, earnings, working arrangements, and other controls. In short, universal access would raise productivity, and it would promote greater economic and social resilience during future disasters that inhibit travel and in-person interactions

     
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    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
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    Schriftenreihe: NBER working paper series ; no. w29102
    Schlagworte: Internet; Telekommunikationsnetz; Breitbandkommunikation; Telearbeit; Produktivität; USA
    Umfang: 1 Online-Ressource, illustrations (black and white)
    Bemerkung(en):

    Hardcopy version available to institutional subscribers
  2. Why working from home will stick
    Autor*in: Barrero, Jose Maria; Bloom, Nicholas; Davis, Steven J.
    Erschienen: [2021]
    Verlag:  Centre for Economic Performance, London School of Economics and Political Science, London

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    Format: Online
    Schriftenreihe: Discussion paper / Centre for Economic Performance ; no. 1790 (August 2021)
    Schlagworte: Covid-19; USA; productivity; technological innovations
    Umfang: 1 Online-Ressource (circa 72 Seiten), Illustrationen
  3. Internet access and its implications for productivity, inequality and resilience
    Autor*in: Barrero, Jose Maria; Bloom, Nicholas; Davis, Steven J.
    Erschienen: [2021]
    Verlag:  Centre for Economic Performance, London School of Economics and Political Science, London

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Schriftenreihe: Discussion paper / Centre for Economic Performance ; no. 1799 (September 2021)
    Schlagworte: home internet access; productivity; Covid-19; wellbeing
    Umfang: 1 Online-Ressource (circa 34 Seiten), Illustrationen
  4. Economic uncertainty before and during the COVID-19 pandemic
    Autor*in: Altig, Dave; Baker, Scott Brent; Barrero, Jose Maria; Bloom, Nicholas; Bunn, Phil; Chen, Scarlet; Davis, Steven J.; Meyer, Brent; Mihaylov, Emil; Mizen, Paul; Parker, Nicholas; Renault, Thomas; Smietanka, Pawel; Thwaites, Greg
    Erschienen: [2020]
    Verlag:  Federal Reserve Bank of Atlanta, Atlanta, GA

    We consider several economic uncertainty indicators for the United States and the UK before and during the COVID-19 pandemic: implied stock market volatility, newspaper-based economic policy uncertainty, twitter chatter about economic uncertainty,... mehr

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    We consider several economic uncertainty indicators for the United States and the UK before and during the COVID-19 pandemic: implied stock market volatility, newspaper-based economic policy uncertainty, twitter chatter about economic uncertainty, subjective uncertainty about future business growth, and disagreement among professional forecasters about future gross domestic product growth. Three results emerge. First, all indicators show huge uncertainty jumps in reaction to the pandemic and its economic fallout. Indeed, most indicators reach their highest values on record. Second, peak amplitudes differ greatly-from an 80 percent rise (relative to January 2020) in two-year implied volatility on the S&P 500 to a 20-fold rise in forecaster disagreement about UK growth. Third, time paths also differ: implied volatility rose rapidly from late February and peaked in mid-March, falling back by late March as stock prices began to recover. In contrast, broader measures of uncertainty peaked later and then plateaued, as job losses mounted, highlighting the difference in uncertainty measures between Wall Street and Main Street.

     
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    hdl: 10419/228261
    Schriftenreihe: Working paper series / Federal Reserve Bank of Atlanta ; 2020, 9 (July 2020)
    Umfang: 1 Online-Ressource (circa 24 Seiten), Illustrationen
  5. Pandemic-era uncertainty on Main Street and Wall Street
    Autor*in: Meyer, Brent; Mihaylov, Emil; Davis, Steven J.; Parker, Nicholas; Altig, David; Barrero, Jose Maria; Bloom, Nicholas
    Erschienen: [2021]
    Verlag:  Federal Reserve Bank of Atlanta, Atlanta, GA

    We draw on the monthly Survey of Business Uncertainty (SBU) to make three observations about pandemic-era uncertainty in the U.S. economy. First, equity market traders and executives of nonfinancial firms share similar assessments about uncertainty... mehr

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    We draw on the monthly Survey of Business Uncertainty (SBU) to make three observations about pandemic-era uncertainty in the U.S. economy. First, equity market traders and executives of nonfinancial firms share similar assessments about uncertainty at one-year lookahead horizons. That is, the one-year VIX has moved similarly to our survey-based measure of (average) firm-level subjective uncertainty at one-year forecast horizons. Second, looking within the distribution of beliefs in the SBU reveals that firm-level expectations shifted towards upside risk in the latter part of 2020. In this sense, decision makers in nonfinancial businesses share some of the optimism that seems manifest in equity markets. Third, and despite the positive shift in tail risks, overall uncertainty continues to substantially dampen capital spending plans, pointing to a source of weak growth in demand and in potential gross domestic product.

     
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    Weitere Identifier:
    hdl: 10419/244305
    Schriftenreihe: Working paper series / Federal Reserve Bank of Atlanta ; 2021,2 (January 2021)
    Schlagworte: business expectations; uncertainty; subjective forecast distributions
    Umfang: 1 Online-Ressource (circa 10 Seiten), Illustrationen
  6. COVID-19 is a persistent reallocation shock
    Autor*in: Barrero, Jose Maria; Bloom, Nicholas; Davis, Steven J.; Meyer, Brent H.
    Erschienen: [2021]
    Verlag:  Federal Reserve Bank of Atlanta, Atlanta, GA

    Drawing on data from the firm-level Survey of Business Uncertainty, we present three pieces of evidence that COVID-19 is a persistent reallocation shock. First, rates of excess job and sales reallocation over 24-month periods have risen sharply since... mehr

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    Drawing on data from the firm-level Survey of Business Uncertainty, we present three pieces of evidence that COVID-19 is a persistent reallocation shock. First, rates of excess job and sales reallocation over 24-month periods have risen sharply since the pandemic struck, especially for sales. We compute these rates by aggregating over monthly firm-level observations that look back 12 months and ahead 12 months. Second, as of December 2020, firm-level forecasts of sales revenue growth over the next year imply a continuation of recent changes, not a reversal. Third, COVID-19 shifted relative employment growth trends in favor of industries with a high capacity of employees to work from home and against those with a low capacity.

     
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    hdl: 10419/244306
    Schriftenreihe: Working paper series / Federal Reserve Bank of Atlanta ; 2021,3 (January 2021)
    Schlagworte: COVID-19; reallocation shock; business expectations; working from home; Survey of Business Uncertainty
    Umfang: 1 Online-Ressource (circa 11 Seiten), Illustrationen
  7. Why working from home will stick
    Autor*in: Barrero, Jose Maria; Bloom, Nicholas; Davis, Steven J.
    Erschienen: 2021
    Verlag:  Stanford Institute for Economic Policy Research (SIEPR), Stanford, CA

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    Schriftenreihe: Working paper / Stanford Institute for Economic Policy Research (SIEPR) ; no. 21, 027 (May, 2021)
    Schlagworte: Telearbeit; Coronavirus; USA
    Umfang: 1 Online-Ressource (circa 71 Seiten), Illustrationen
    Bemerkung(en):

    Erscheint auch als: NBER Working Paper No. 28731
  8. Economic uncertainty before and during the Covid-19 pandemic
    Autor*in: Altig, Dave; Baker, Scott; Barrero, Jose Maria; Bloom, Nicholas; Bunn, Philip; Chen, Scarlet; Davis, Steven J.; Leather, Julia; Meyer, Brent; Mihaylov, Emil; Mizen, Paul; Parker, Nicholas; Renault, Thomas; Smietanka, Pawel; Thwaites, Greg
    Erschienen: June 2020
    Verlag:  Bank of England, London

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    Schriftenreihe: Staff working paper / Bank of England ; no. 876
    Schlagworte: Forward-looking uncertainty measures; volatility; Covid-19; coronavirus
    Umfang: 1 Online-Ressource (circa 25 Seiten), Illustrationen
  9. Why Working from Home Will Stick
    Autor*in: Barrero, Jose Maria; Bloom, Nicholas; Davis, Steven J.
    Erschienen: 2021
    Verlag:  National Bureau of Economic Research, Cambridge, Mass

    COVID-19 drove a mass social experiment in working from home (WFH). We survey more than 30,000 Americans over multiple waves to investigate whether WFH will stick, and why. Our data say that 20 percent of full workdays will be supplied from home... mehr

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    Sächsische Landesbibliothek - Staats- und Universitätsbibliothek Dresden
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    Universitätsbibliothek Freiburg
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    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
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    Staats- und Universitätsbibliothek Hamburg Carl von Ossietzky
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    Technische Informationsbibliothek (TIB) / Leibniz-Informationszentrum Technik und Naturwissenschaften und Universitätsbibliothek
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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    COVID-19 drove a mass social experiment in working from home (WFH). We survey more than 30,000 Americans over multiple waves to investigate whether WFH will stick, and why. Our data say that 20 percent of full workdays will be supplied from home after the pandemic ends, compared with just 5 percent before. We develop evidence on five reasons for this large shift: better-than-expected WFH experiences, new investments in physical and human capital that enable WFH, greatly diminished stigma associated with WFH, lingering concerns about crowds and contagion risks, and a pandemic-driven surge in technological innovations that support WFH. We also use our survey data to project three consequences: First, employees will enjoy large benefits from greater remote work, especially those with higher earnings. Second, the shift to WFH will directly reduce spending in major city centers by at least 5-10 percent relative to the pre-pandemic situation. Third, our data on employer plans and the relative productivity of WFH imply a 5 percent productivity boost in the post-pandemic economy due to re-optimized working arrangements. Only one-fifth of this productivity gain will show up in conventional productivity measures, because they do not capture the time savings from less commuting

     
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    Schriftenreihe: NBER working paper series ; no. w28731
    Schlagworte: Telearbeit; Coronavirus; USA
    Umfang: 1 Online-Ressource, illustrations (black and white)
    Bemerkung(en):

    Hardcopy version available to institutional subscribers
  10. Surveying business uncertainty
    Autor*in: Altig, David; Barrero, Jose Maria; Bloom, Nicholas; Davis, Steven J.; Meyer, Brent H.; Parker, Nicholas
    Erschienen: June 2019
    Verlag:  National Bureau of Economic Research, Cambridge, MA

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    Schriftenreihe: Working paper series / National Bureau of Economic Research ; 25956
    Schlagworte: Konjunktur; Erwartungsbildung; Unternehmen; Befragung; Panel; Kausalanalyse; USA
    Umfang: 79 Seiten, Illustrationen
    Bemerkung(en):

    Erscheint auch als Online-Ausgabe
  11. Pandemic-era uncertainty
    Autor*in: Meyer, Brent; Mihaylov, Emil; Barrero, Jose Maria; Davis, Steven J.; Altig, David; Bloom, Nicholas
    Erschienen: April 2022
    Verlag:  IZA - Institute of Labor Economics, Bonn, Germany

    We examine several measures of uncertainty to make five points. First, equity market traders and executives at nonfinancial firms have shared similar assessments about one-year-ahead uncertainty since the pandemic struck. Both the one-year VIX and... mehr

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    We examine several measures of uncertainty to make five points. First, equity market traders and executives at nonfinancial firms have shared similar assessments about one-year-ahead uncertainty since the pandemic struck. Both the one-year VIX and our survey-based measure of firm-level uncertainty at a one-year forecast horizon doubled at the onset of the pandemic and then fell about half-way back to pre-pandemic levels by mid 2021. Second, and in contrast, the 1-month VIX, a Twitter-based Economic Uncertainty Index, and macro forecaster disagreement all rose sharply in reaction to the pandemic but retrenched almost completely by mid 2021. Third, Categorical Policy Uncertainty Indexes highlight the changing sources of uncertainty - from healthcare and fiscal policy uncertainty in spring 2020 to elevated uncertainty around monetary policy and national security as of March 2022. Fourth, firm-level risk perceptions skewed heavily to the downside in spring 2020 but shifted rapidly to the upside from fall 2020 onwards. Perceived upside uncertainty remains highly elevated as of early 2022. Fifth, our survey evidence suggests that elevated uncertainty is exerting only mild restraint on capital investment plans for 2022 and 2023, perhaps because perceived risks are so skewed to the upside.

     
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    hdl: 10419/263445
    Schriftenreihe: Discussion paper series / IZA ; no. 15229
    Schlagworte: business expectations; uncertainty; subjective forecast distributions; capital investments; COVID-19
    Umfang: 1 Online-Ressource (circa 30 Seiten), Illustrationen
  12. The Shift to Remote Work Lessens Wage-Growth Pressures
    Autor*in: Barrero, Jose Maria; Bloom, Nicholas; Davis, Steven J.; Meyer, Brent; Mihaylov, Emil; Altig, David
    Erschienen: July 2022
    Verlag:  National Bureau of Economic Research, Cambridge, Mass

    The recent shift to remote work raised the amenity value of employment. As compensation adjusts to share the amenity-value gains with employers, wage-growth pressures moderate. We find empirical support for this mechanism in the wage-setting behavior... mehr

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    Universitätsbibliothek Freiburg
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    Staats- und Universitätsbibliothek Hamburg Carl von Ossietzky
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    Technische Informationsbibliothek (TIB) / Leibniz-Informationszentrum Technik und Naturwissenschaften und Universitätsbibliothek
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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    The recent shift to remote work raised the amenity value of employment. As compensation adjusts to share the amenity-value gains with employers, wage-growth pressures moderate. We find empirical support for this mechanism in the wage-setting behavior of U.S. employers, and we develop novel survey data to quantify its force. Our data imply a cumulative wage-growth moderation of 2.0 percentage points over two years. This moderation offsets more than half the real-wage catchup effect that Blanchard (2022) highlights in his analysis of near-term inflation pressures. The amenity-values gains associated with the recent rise of remote work also lower labor's share of national income by 1.1 percentage points. In addition, the "unexpected compression" of wages since early 2020 (Autor and Dube, 2022) is partly explained by the same amenity-value effect, which operates differentially across the earnings distribution

     
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    Schriftenreihe: NBER working paper series ; no. w30197
    Schlagworte: Telearbeit; Lohnbildung; Lohnniveau; Lohnquote; USA; Firm Behavior: Empirical Analysis; Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity; Aggregate Factor Income Distribution; Price Level; Inflation; Deflation; General
    Umfang: 1 Online-Ressource, illustrations (black and white)
    Bemerkung(en):

    Hardcopy version available to institutional subscribers
  13. The shift to remote work lessens wage-growth pressures
    Autor*in: Barrero, Jose Maria; Bloom, Nicholas; Davis, Steven J.; Meyer, Brent; Mihaylov, Emil
    Erschienen: June 2022
    Verlag:  IZA - Institute of Labor Economics, Bonn, Germany

    The recent shift to remote work raised the amenity value of employment. As compensation adjusts to share the amenity-value gains with employers, wage-growth pressures moderate. We find empirical support for this mechanism in the wage-setting behavior... mehr

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    The recent shift to remote work raised the amenity value of employment. As compensation adjusts to share the amenity-value gains with employers, wage-growth pressures moderate. We find empirical support for this mechanism in the wage-setting behavior of U.S. employers, and we develop novel survey data to quantify its force. Our data imply a cumulative wage-growth moderation of 2.0 percentage points over two years. This moderation offsets more than half the real-wage catchup effect that Blanchard (2022) highlights in his analysis of near- term inflation pressures. The amenity-values gains associated with the recent rise of remote work also lower labor's share of national income by 1.1 percentage points. In addition, the "unexpected compression" of wages since early 2020 (Autor and Dube, 2022) is partly explained by the same amenity-value effect, which operates differentially across the earnings distribution.

     
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    hdl: 10419/263601
    Schriftenreihe: Discussion paper series / IZA ; no. 15385
    Schlagworte: Telearbeit; Lohnbildung; Lohnniveau; Lohnquote; USA; remote work; amenity value; wage growth; inflation dynamics; recession risk; business expectations; labor's share of national income; wage compression
    Umfang: 1 Online-Ressource (circa 21 Seiten), Illustrationen
  14. The shift to remote work lessens wage-growth pressures
    Autor*in: Barrero, Jose Maria; Bloom, Nicholas; Davis, Steven J.; Meyer, Brent; Mihaylov, Emil
    Erschienen: [2022]
    Verlag:  Federal Reserve Bank of Atlanta, Atlanta, GA

    The recent shift to remote work raised the amenity value of employment. As compensation adjusts to share the amenity-value gains with employers, wage-growth pressures moderate. We find empirical support for this mechanism in the wage-setting behavior... mehr

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    DS 253
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    The recent shift to remote work raised the amenity value of employment. As compensation adjusts to share the amenity-value gains with employers, wage-growth pressures moderate. We find empirical support for this mechanism in the wage-setting behavior of US employers, and we develop novel survey data to quantify its force. Our data imply a cumulative wage-growth moderation of 2.0 percentage points over two years. This moderation offsets more than half the real-wage catchup effect that Blanchard (2022) highlights in his analysis of near-term inflation pressures. The amenity-values gains associated with the recent rise of remote work also lower labor's share of national income by 1.1 percentage points. In addition, the "unexpected compression" of wages since early 2020 (Autor and Dube, 2022) is partly explained by the same amenity-value effect, which operates differentially across the earnings distribution.

     
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    hdl: 10419/270450
    Schriftenreihe: Working paper series / Federal Reserve Bank of Atlanta ; 2022, 7 (July 2022)
    Schlagworte: Telearbeit; Lohnbildung; Lohnniveau; Lohnquote; USA; remote work; amenity value; wage growth; inflation dynamics; recession risk; business expectations; labor's share of national income; wage compression
    Umfang: 1 Online-Ressource (circa 19 Seiten), Illustrationen
  15. Working from Home Around the World
    Autor*in: Aksoy, Cevat Giray; Barrero, Jose Maria; Bloom, Nicholas; Davis, Steven J.; Dolls, Mathias; Zarate, Pablo
    Erschienen: September 2022
    Verlag:  European Bank for Reconstruction and Development, [London, United Kingdom]

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    Schriftenreihe: Working paper / European Bank for Reconstruction and Development ; no. 270
    Schlagworte: Coronavirus; Telearbeit; Welt; work from home; preferences over working arrangements; commute times; productivitysurprises; government lockdown effects; innovation; cities
    Umfang: 1 Online-Ressource (circa 67 Seiten), Illustrationen
  16. Working from home around the world
    Autor*in: Aksoy, Cevat Giray; Barrero, Jose Maria; Bloom, Nicholas; Davis, Steven J.; Dolls, Mathias; Zarate, Pablo
    Erschienen: September 2022
    Verlag:  IZA - Institute of Labor Economics, Bonn, Germany

    The pandemic triggered a large, lasting shift to work from home (WFH). To study this shift, we survey full-time workers who finished primary school in 27 countries as of mid 2021 and early 2022. Our cross-country comparisons control for age, gender,... mehr

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    The pandemic triggered a large, lasting shift to work from home (WFH). To study this shift, we survey full-time workers who finished primary school in 27 countries as of mid 2021 and early 2022. Our cross-country comparisons control for age, gender, education, and industry and treat the U.S. mean as the baseline. We find, first, that WFH averages 1.5 days per week in our sample, ranging widely across countries. Second, employers plan an average of 0.7 WFH days per week after the pandemic, but workers want 1.7 days. Third, employees value the option to WFH 2-3 days per week at 5 percent of pay, on average, with higher valuations for women, people with children and those with longer commutes. Fourth, most employees were favorably surprised by their WFH productivity during the pandemic. Fifth, looking across individuals, employer plans for WFH levels after the pandemic rise strongly with WFH productivity surprises during the pandemic. Sixth, looking across countries, planned WFH levels rise with the cumulative stringency of government-mandated lockdowns during the pandemic. We draw on these results to explain the big shift to WFH and to consider some implications for workers, organization, cities, and the pace of innovation.

     
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    hdl: 10419/265761
    Schriftenreihe: Discussion paper series / IZA ; no. 15540
    Schlagworte: Coronavirus; Telearbeit; Welt; work from home; preferences over working arrangements; commute times; COVID-19; productivity surprises; government lockdown effects; innovation; cities
    Umfang: 1 Online-Ressource (circa 69 Seiten), Illustrationen
  17. Working from Home Around the World
    Autor*in: Aksoy, Cevat Giray; Barrero, Jose Maria; Bloom, Nicholas; Davis, Steven J.; Dolls, Mathias; Zarate, Pablo
    Erschienen: September 2022
    Verlag:  National Bureau of Economic Research, Cambridge, Mass

    The pandemic triggered a large, lasting shift to work from home (WFH). To study this shift, we survey full-time workers who finished primary school in 27 countries as of mid 2021 and early 2022. Our cross-country comparisons control for age, gender,... mehr

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    The pandemic triggered a large, lasting shift to work from home (WFH). To study this shift, we survey full-time workers who finished primary school in 27 countries as of mid 2021 and early 2022. Our cross-country comparisons control for age, gender, education, and industry and treat the U.S. mean as the baseline. We find, first, that WFH averages 1.5 days per week in our sample, ranging widely across countries. Second, employers plan an average of 0.7 WFH days per week after the pandemic, but workers want 1.7 days. Third, employees value the option to WFH 2-3 days per week at 5 percent of pay, on average, with higher valuations for women, people with children and those with longer commutes. Fourth, most employees were favorably surprised by their WFH productivity during the pandemic. Fifth, looking across individuals, employer plans for WFH levels after the pandemic rise strongly with WFH productivity surprises during the pandemic. Sixth, looking across countries, planned WFH levels rise with the cumulative stringency of government-mandated lockdowns during the pandemic. We draw on these results to explain the big shift to WFH and to consider some implications for workers, organization, cities, and the pace of innovation

     
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    Schriftenreihe: NBER working paper series ; no. w30446
    Schlagworte: Coronavirus; Telearbeit; Welt; Firm Behavior: Empirical Analysis; Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity; General; Organization of Production
    Umfang: 1 Online-Ressource, illustrations (black and white)
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    Hardcopy version available to institutional subscribers
  18. Working from home around the world
    Autor*in: Aksoy, Cevat Giray; Barrero, Jose Maria; Bloom, Nicholas; Davis, Steven J.; Dolls, Mathias; Zarate, Pablo
    Erschienen: September 2022
    Verlag:  CESifo, Center for Economic Studies & Ifo Institute, Munich, Germany

    The pandemic triggered a large, lasting shift to work from home (WFH). To study this shift, we survey full-time workers who finished primary school in 27 countries as of mid 2021 and early 2022. Our cross-country comparisons control for age, gender,... mehr

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    The pandemic triggered a large, lasting shift to work from home (WFH). To study this shift, we survey full-time workers who finished primary school in 27 countries as of mid 2021 and early 2022. Our cross-country comparisons control for age, gender, education, and industry and treat the U.S. mean as the baseline. We find, first, that WFH averages 1.5 days per week in our sample, ranging widely across countries. Second, employers plan an average of 0.7 WFH days per week after the pandemic, but workers want 1.7 days. Third, employees value the option to WFH 2-3 days per week at 5 percent of pay, on average, with higher valuations for women, people with children and those with longer commutes. Fourth, most employees were favorably surprised by their WFH productivity during the pandemic. Fifth, looking across individuals, employer plans for WFH levels after the pandemic rise strongly with WFH productivity surprises during the pandemic. Sixth, looking across countries, planned WFH levels rise with the cumulative stringency of government-mandated lockdowns during the pandemic. We draw on these results to explain the big shift to WFH and to consider some implications for workers, organization, cities, and the pace of innovation.

     
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    hdl: 10419/265973
    Schriftenreihe: CESifo working paper ; no. 9938 (2022)
    Schlagworte: Coronavirus; Telearbeit; Welt; work from home; preferences over working arrangements; commute times; Covid-19 pandemic; productivity surprises; government lockdown effects; innovation; cities
    Umfang: 1 Online-Ressource (circa 70 Seiten), Illustrationen
  19. Long Social Distancing
    Autor*in: Barrero, Jose Maria; Bloom, Nicholas; Davis, Steven J.
    Erschienen: October 2022
    Verlag:  National Bureau of Economic Research, Cambridge, Mass

    More than ten percent of Americans with recent work experience say they will continue social distancing after the COVID-19 pandemic ends, and another 45 percent will do so in limited ways. We uncover this Long Social Distancing phenomenon in our... mehr

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    More than ten percent of Americans with recent work experience say they will continue social distancing after the COVID-19 pandemic ends, and another 45 percent will do so in limited ways. We uncover this Long Social Distancing phenomenon in our monthly Survey of Working Arrangements and Attitudes. It is more common among older persons, women, the less educated, those who earn less, and in occupations and industries that require many face-to-face encounters. People who intend to continue social distancing have lower labor force participation - unconditionally, and conditional on demographics and other controls. Regression models that relate outcomes to intentions imply that Long Social Distancing reduced participation by 2.5 percentage points in the first half of 2022. Separate self-assessed causal effects imply a reduction of 2.0 percentage points. The impact on the earnings-weighted participation rate is smaller at about 1.4 percentage points. This drag on participation reduces potential output by nearly one percent and shrinks the college wage premium. Economic reasoning and evidence suggest that Long Social Distancing and its effects will persist for many months or years

     
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  20. Pandemic-era uncertainty
    Autor*in: Meyer, Brent H.; Mihaylov, Emil; Barrero, Jose Maria; Davis, Steven J.; Altig, David; Bloom, Nicholas
    Erschienen: [2022]
    Verlag:  Stanford Institute for Economic Policy Research (SIEPR), Stanford, CA

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    Schriftenreihe: Working paper / Stanford Institute for Economic Policy Research (SIEPR) ; no. 22, 29 (April, 2022)
    Schlagworte: Coronavirus; Entscheidung unter Unsicherheit; Wirtschaftsprognose; Börsenmakler; Aktienmarkt; Prognoseverfahren; USA
    Umfang: 1 Online-Ressource (circa 31 Seiten), Illustrationen
    Bemerkung(en):

    Auch erschienen auch als: NBER working paper series no. 29958
  21. Long social distancing
    Autor*in: Barrero, Jose Maria; Bloom, Nicholas; Davis, Steven J.
    Erschienen: October 2022
    Verlag:  IZA - Institute of Labor Economics, Bonn, Germany

    More than ten percent of Americans with recent work experience say they will continue social distancing after the COVID-19 pandemic ends, and another 45 percent will do so in limited ways. We uncover this Long Social Distancing phenomenon in our... mehr

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    More than ten percent of Americans with recent work experience say they will continue social distancing after the COVID-19 pandemic ends, and another 45 percent will do so in limited ways. We uncover this Long Social Distancing phenomenon in our monthly Survey of Working Arrangements and Attitudes. It is more common among older persons, women, the less educated, those who earn less, and in occupations and industries that require many face-to-face encounters. People who intend to continue social distancing have lower labor force participation - unconditionally, and conditional on demographics and other controls. Regression models that relate outcomes to intentions imply that Long Social Distancing reduced participation by 2.5 percentage points in the first half of 2022. Separate self- assessed causal effects imply a reduction of 2.0 percentage points. The impact on the earnings-weighted participation rate is smaller at about 1.4 percentage points. This drag on participation reduces potential output by nearly one percent and shrinks the college wage premium. Economic reasoning and evidence suggest that Long Social Distancing and its effects will persist for many months or years.

     
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    Weitere Identifier:
    hdl: 10419/267381
    Schriftenreihe: Discussion paper series / IZA ; no. 15644
    Schlagworte: social distancing; infection worries; pandemic; labor force participation; potential output; college wage premium; self-assessed causal effects; COVID-19
    Umfang: 1 Online-Ressource (circa 64 Seiten), Illustrationen
  22. Long social distancing
    Autor*in: Barrero, Jose Maria; Bloom, Nicholas; Davis, Steven J.
    Erschienen: 11-4-2022
    Verlag:  W.E. Upjohn Institute for Employment Research, Kalamazoo, MI

    More than ten percent of Americans with recent work experience say they will continue social distancing after the COVID-19 pandemic ends, and another 45 percent will do so in limited ways. We uncover this Long Social Distancing phenomenon in our... mehr

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    More than ten percent of Americans with recent work experience say they will continue social distancing after the COVID-19 pandemic ends, and another 45 percent will do so in limited ways. We uncover this Long Social Distancing phenomenon in our monthly Survey of Working Arrangements and Attitudes. It is more common among older persons, women, the less educated, those who earn less, and in occupations and industries that require many face-to-face encounters. People who intend to continue social distancing have lower labor force participation-unconditionally, and conditional on demographics and other controls. Regression models that relate outcomes to intentions imply that Long Social Distancing reduced participation by 2.5 percentage points in the first half of 2022. Separate self-assessed causal effects imply a reduction of 2.0 percentage points. The impact on the earnings-weighted participation rate is smaller at about 1.4 percentage points. This drag on participation reduces potential output by nearly one percent and shrinks the college wage premium. Economic reasoning and evidence suggest that Long Social Distancing and its effects will persist for many months or years.

     
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    hdl: 10419/283971
    Schriftenreihe: Upjohn Institute working paper ; 22, 376
    Schlagworte: Social distancing; infection worries; pandemic; labor force participation; potential output; college wage premium; self-assessed causal effects
    Umfang: 1 Online-Ressource (circa 63 Seiten), Illustrationen
  23. Working from home around the world
    Autor*in: Aksoy, Cevat Giray; Barrero, Jose Maria; Bloom, Nicholas; Davis, Steven J.; Dolls, Mathias; Zarate, Pablo
    Erschienen: [2022]
    Verlag:  Stanford Institute for Economic Policy Research (SIEPR), Stanford, CA

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    Schriftenreihe: Working paper / Stanford Institute for Economic Policy Research (SIEPR) ; no. 22, 27 (September, 2022)
    Schlagworte: work from home; preferences over working arrangements; commute times; COVID-19; productivity surprises; government lockdown effects; innovation; cities
    Umfang: 1 Online-Ressource (circa 69 Seiten), Illustrationen
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    Auch erschienen auch als: NBER working paper series no. 30446
  24. The shift to remote work lessens wage-growth pressures
    Autor*in: Barrero, Jose Maria; Bloom, Nicholas; Davis, Steven J.; Meyer, Brent; Mihaylov, Emil; Altig, David
    Erschienen: [2022]
    Verlag:  Stanford Institute for Economic Policy Research (SIEPR), Stanford, CA

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    Schriftenreihe: Auch erschienen als: NBER working paper series no. 30197
    Working paper / Stanford Institute for Economic Policy Research (SIEPR) ; no. 22, 24 (July, 2022)
    Schlagworte: Telearbeit; Lohnbildung; Lohnniveau; Lohnquote; USA; Firm Behavior: Empirical Analysis; Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity; Aggregate Factor Income Distribution; Price Level; Inflation; Deflation; General; remote work; amenity value; wage growth; inflation dynamics; recession risk; business expectations; labor's share of national income; wage compression
    Umfang: 1 Online-Ressource (circa 21 Seiten), Illustrationen
  25. Internet access and its implications for productivity, inequality, and resilience
    Autor*in: Barrero, Jose Maria; Bloom, Nicholas; Davis, Steven J.
    Erschienen: [2022]
    Verlag:  SIEPR Stanford Institute for Economic Policy Research, Stanford, CA

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    Schriftenreihe: Auch erschienen als: NBER working paper series no. 29102
    Working paper / SIEPR Stanford Institute for Economic Policy Research ; no. 22, 25 (September, 2021)
    Schlagworte: Internet; Telekommunikationsnetz; Breitbandkommunikation; Telearbeit; Produktivität; USA
    Umfang: 1 Online-Ressource (circa 33 Seiten), Illustrationen