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  1. Investment and subjective uncertainty
    Author: Bloom, Nicholas; Saporta-Eksten, Itay; Foster, Lucia; Ohlmacher, Scott; Davis, Steven J.
    Published: [2022]
    Publisher:  Stanford Institute for Economic Policy Research (SIEPR), Stanford, CA

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    Source: Union catalogues
    Language: English
    Media type: Book
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    Series: Working paper / Stanford Institute for Economic Policy Research (SIEPR) ; no. 22, 40 (November, 2022)
    NBER working paper series ; 30654
    Subjects: Investitionsentscheidung; Industrie; Entscheidung unter Unsicherheit; Erwartungsbildung; USA; subjective expectations; business-level uncertainty
    Scope: 1 Online-Ressource (circa 29 Seiten), Illustrationen
  2. Long social distancing
    Author: Barrero, Jose Maria; Bloom, Nicholas; Davis, Steven J.
    Published: [2022]
    Publisher:  Stanford Institute for Economic Policy Research (SIEPR), Stanford, CA

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  3. Management and misallocation in Mexico
    Author: Bloom, Nicholas; Iacovone, Leo; Pereira-López, Mariana; Van Reenen, John
    Published: 31 January 2022
    Publisher:  Centre for Economic Policy Research, London

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    Language: English
    Media type: Book
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    Series: Array ; DP16979
    Subjects: Misallocation; Management; Performance; Services; Manufacturing; Mexico
    Scope: 1 Online-Ressource (circa 69 Seiten), Illustrationen
  4. Management and Misallocation in Mexico
    Author: Bloom, Nicholas; Iacovone, Leonardo; Pereira-López, Mariana; Van Reenen, John
    Published: 2022
    Publisher:  National Bureau of Economic Research, Cambridge, Mass

    We argue that greater misallocation is a key driver of the worse management practices in Mexico compared to the US. These management practices are strongly associated with higher productivity, growth, trade, and innovation. One indicator of greater... more

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    We argue that greater misallocation is a key driver of the worse management practices in Mexico compared to the US. These management practices are strongly associated with higher productivity, growth, trade, and innovation. One indicator of greater misallocation in Mexico is the weaker size-management relationship compared to the US, particularly in the highly distorted Mexican service sector. Second, the size-management relationship is weaker in smaller markets, measured by distance to the US for manufacturing firms and population density for service firms. Third, municipalities with weaker institutions, measured by contract enforcement, crime, and corruption, have a weaker size-management relation. These results are consistent with frictions lowering aggregate management quality and productivity

     
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    Source: Union catalogues
    Language: English
    Media type: Book
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    Series: NBER working paper series ; no. w29717
    Subjects: Strategisches Management; Führungsstil; Unternehmenserfolg; Allokation; Betriebsgröße; Marktgröße; Industrie; Dienstleistungssektor; Mexiko; USA
    Scope: 1 Online-Ressource, illustrations (black and white)
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    Hardcopy version available to institutional subscribers
  5. The World Uncertainty Index
    Author: Ahir, Hites; Bloom, Nicholas; Furceri, Davide
    Published: 2022
    Publisher:  National Bureau of Economic Research, Cambridge, Mass

    We construct the World Uncertainty Index (WUI) for an unbalanced panel of 143 individual countries on a quarterly basis from 1952. This is the frequency of the word "uncertainty" in the quarterly Economist Intelligence Unit country reports. Globally,... more

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    Staats- und Universitätsbibliothek Hamburg Carl von Ossietzky
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    We construct the World Uncertainty Index (WUI) for an unbalanced panel of 143 individual countries on a quarterly basis from 1952. This is the frequency of the word "uncertainty" in the quarterly Economist Intelligence Unit country reports. Globally, the Index spikes around major events like the Gulf War, the Euro debt crisis, the Brexit vote and the COVID pandemic. The level of uncertainty is higher in developing countries but is more synchronized across advanced economies with their tighter trade and financial linkages. In a panel vector autoregressive setting we find that innovations in the WUI foreshadow significant declines in output. This effect is larger and more persistent in countries with lower institutional quality, and in sectors with greater financial constraints

     
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    Source: Union catalogues
    Language: English
    Media type: Book
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    Series: NBER working paper series ; no. w29763
    Subjects: Index; Internationale Wirtschaft; Welt
    Scope: 1 Online-Ressource, illustrations (black and white)
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    Hardcopy version available to institutional subscribers
  6. The Shift to Remote Work Lessens Wage-Growth Pressures
    Author: Barrero, Jose Maria; Bloom, Nicholas; Davis, Steven J.; Meyer, Brent; Mihaylov, Emil; Altig, David
    Published: July 2022
    Publisher:  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... more

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    Staats- und Universitätsbibliothek Hamburg Carl von Ossietzky
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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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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: NBER working paper series ; no. w30197
    Subjects: 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
    Scope: 1 Online-Ressource, illustrations (black and white)
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  7. How Hybrid Working From Home Works Out
    Author: Bloom, Nicholas; Han, Ruobing; Liang, James
    Published: July 2022
    Publisher:  National Bureau of Economic Research, Cambridge, Mass

    Hybrid working from home (WFH), whereby employees work a mix of days at home and at work each week, has become dominant for graduate employees in the US. This paper evaluates a randomized control trial on 1612 engineers, marketing and finance... more

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    Staats- und Universitätsbibliothek Hamburg Carl von Ossietzky
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    Hybrid working from home (WFH), whereby employees work a mix of days at home and at work each week, has become dominant for graduate employees in the US. This paper evaluates a randomized control trial on 1612 engineers, marketing and finance employees of a large technology firm that allowed odd birthday employees to WFH on Wednesday and Friday and kept even birthday employees full time in the office. There are four key results. First, WFH reduced attrition rates by 35% and improved self-reported work satisfaction scores, highlighting how employees place a considerable value on this amenity. Second, WFH reduced hours worked on home days but increased it on other work days and the weekend, highlighting how home-working alters the structure of the working week. Third, WFH employees increased individual messaging and group video call communication, even when in the office, reflecting the impact of remote work on working patterns. Finally, while there was no significant impact of WFH on performance ratings or promotions, lines of code written increased by 8%, and employees' self-assessed productivity was up 1.8%, suggesting a small positive impact. Given these benefits for retention, job satisfaction, and productivity, after the experiment ended the firm extended hybrid WFH to the entire company

     
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    Source: Union catalogues
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    Series: NBER working paper series ; no. w30292
    Subjects: Telearbeit; Arbeitsgestaltung; Hochqualifizierte Arbeitskräfte; Arbeitsverhalten; USA; General
    Scope: 1 Online-Ressource, illustrations (black and white)
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  8. Pandemic-Era Uncertainty
    Author: Meyer, Brent H.; Mihaylov, Emil; Barrero, Jose Maria; Davis, Steven J.; Altig, David; Bloom, Nicholas
    Published: April 2022
    Publisher:  National Bureau of Economic Research, Cambridge, Mass

    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... more

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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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    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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    Source: Union catalogues
    Language: English
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    Series: NBER working paper series ; no. w29958
    Subjects: Coronavirus; Entscheidung unter Unsicherheit; Wirtschaftsprognose; Börsenmakler; Aktienmarkt; Prognoseverfahren; USA
    Scope: 1 Online-Ressource, illustrations (black and white)
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    Hardcopy version available to institutional subscribers
  9. Pandemic-era uncertainty
    Author: Meyer, Brent; Mihaylov, Emil; Barrero, Jose Maria; Davis, Steven J.; Altig, David; Bloom, Nicholas
    Published: April 2022
    Publisher:  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... more

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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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    Source: Union catalogues
    Language: English
    Media type: Book
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    hdl: 10419/263445
    Series: Discussion paper series / IZA ; no. 15229
    Subjects: business expectations; uncertainty; subjective forecast distributions; capital investments; COVID-19
    Scope: 1 Online-Ressource (circa 30 Seiten), Illustrationen
  10. Management and misallocation in Mexico
    Author: Bloom, Nicholas; Iacovone, Leonardo; Pereira-López, Mariana; Van Reenen, John
    Published: [2022]
    Publisher:  Centre for Economic Performance, London School of Economics and Political Science, London

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    Series: Discussion paper / Centre for Economic Performance ; no. 1825 (January 2022)
    Subjects: misallocation; management; performance; services; manufacturing; Mexico
    Scope: 1 Online-Ressource (circa 39 Seiten), Illustrationen
  11. The shift to remote work lessens wage-growth pressures
    Author: Barrero, Jose Maria; Bloom, Nicholas; Davis, Steven J.; Meyer, Brent; Mihaylov, Emil
    Published: June 2022
    Publisher:  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... more

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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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    Source: Union catalogues
    Language: English
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    hdl: 10419/263601
    Series: Discussion paper series / IZA ; no. 15385
    Subjects: 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
    Scope: 1 Online-Ressource (circa 21 Seiten), Illustrationen
  12. The shift to remote work lessens wage-growth pressures
    Author: Barrero, Jose Maria; Bloom, Nicholas; Davis, Steven J.; Meyer, Brent; Mihaylov, Emil
    Published: [2022]
    Publisher:  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... more

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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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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/270450
    Series: Working paper series / Federal Reserve Bank of Atlanta ; 2022, 7 (July 2022)
    Subjects: 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
    Scope: 1 Online-Ressource (circa 19 Seiten), Illustrationen
  13. Pay, productivity and management
    Author: Bloom, Nicholas; Ohlmacher, Scott; Tello Trillo, Cristina J.; Wallskog, Melanie
    Published: [2022]
    Publisher:  Centre for Economic Performance, London School of Economics and Political Science, London

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    Series: Discussion paper / Centre for Economic Performance ; no. 1846 (April 2022)
    Subjects: Lohnniveau; Leistungsentgelt; Managervergütung; Produktivität; Management; USA
    Scope: 1 Online-Ressource (circa 38 Seiten), Illustrationen
  14. The world uncertainty index
    Author: Ahir, Hites; Bloom, Nicholas; Furceri, Davide
    Published: [2022]
    Publisher:  Centre for Economic Performance, London School of Economics and Political Science, London

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    Source: Union catalogues
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    Series: Discussion paper / Centre for Economic Performance ; no. 1842 (April 2022)
    Subjects: Risiko; Index; Spillover-Effekt; VAR-Modell; Panel; Welt
    Scope: 1 Online-Ressource (circa 117 Seiten), Illustrationen
  15. Working from Home Around the World
    Author: Aksoy, Cevat Giray; Barrero, Jose Maria; Bloom, Nicholas; Davis, Steven J.; Dolls, Mathias; Zarate, Pablo
    Published: September 2022
    Publisher:  European Bank for Reconstruction and Development, [London, United Kingdom]

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    Series: Working paper / European Bank for Reconstruction and Development ; no. 270
    Subjects: Coronavirus; Telearbeit; Welt; work from home; preferences over working arrangements; commute times; productivitysurprises; government lockdown effects; innovation; cities
    Scope: 1 Online-Ressource (circa 67 Seiten), Illustrationen
  16. Working from home around the world
    Author: Aksoy, Cevat Giray; Barrero, Jose Maria; Bloom, Nicholas; Davis, Steven J.; Dolls, Mathias; Zarate, Pablo
    Published: September 2022
    Publisher:  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,... more

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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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    Source: Union catalogues
    Language: English
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    Other identifier:
    hdl: 10419/265761
    Series: Discussion paper series / IZA ; no. 15540
    Subjects: Coronavirus; Telearbeit; Welt; work from home; preferences over working arrangements; commute times; COVID-19; productivity surprises; government lockdown effects; innovation; cities
    Scope: 1 Online-Ressource (circa 69 Seiten), Illustrationen
  17. Working from home around the world
    Author: Aksoy, Cevat Giray; Barrero, Jose Maria; Bloom, Nicholas; Davis, Steven J.; Dolls, Mathias; Zarate, Pablo
    Published: September 2022
    Publisher:  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,... more

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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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    Source: Union catalogues
    Language: English
    Media type: Book
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    Other identifier:
    hdl: 10419/265973
    Series: CESifo working paper ; no. 9938 (2022)
    Subjects: Coronavirus; Telearbeit; Welt; work from home; preferences over working arrangements; commute times; Covid-19 pandemic; productivity surprises; government lockdown effects; innovation; cities
    Scope: 1 Online-Ressource (circa 70 Seiten), Illustrationen
  18. How hybrid working from home works out
    Author: Bloom, Nicholas; Han, Ruobing; Liang, James
    Published: [2022]
    Publisher:  Stanford Institute for Economic Policy Research (SIEPR), Stanford, CA

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    Series: Working paper / Stanford Institute for Economic Policy Research (SIEPR) ; no. 22, 28 (Juli, 2022)
    Subjects: Telearbeit; Arbeitsgestaltung; Hochqualifizierte Arbeitskräfte; Arbeitsverhalten; USA
    Scope: 1 Online-Ressource (circa 48 Seiten), Illustrationen
    Notes:

    Auch erschienen auch als: NBER working paper series no. 30292
  19. Pandemic-era uncertainty
    Author: Meyer, Brent H.; Mihaylov, Emil; Barrero, Jose Maria; Davis, Steven J.; Altig, David; Bloom, Nicholas
    Published: [2022]
    Publisher:  Stanford Institute for Economic Policy Research (SIEPR), Stanford, CA

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    Series: Working paper / Stanford Institute for Economic Policy Research (SIEPR) ; no. 22, 29 (April, 2022)
    Subjects: Coronavirus; Entscheidung unter Unsicherheit; Wirtschaftsprognose; Börsenmakler; Aktienmarkt; Prognoseverfahren; USA
    Scope: 1 Online-Ressource (circa 31 Seiten), Illustrationen
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    Auch erschienen auch als: NBER working paper series no. 29958
  20. Management and misallocation in Mexico
    Author: Bloom, Nicholas; Iacovone, Leonardo; Pereira-López, Mariana; Van Reenen, John
    Published: [2022]
    Publisher:  Stanford Institute for Economic Policy Research (SIEPR), Stanford, CA

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    Series: Working paper / Stanford Institute for Economic Policy Research (SIEPR) ; no. 22, 26 (February, 2022)
    Subjects: Strategisches Management; Führungsstil; Unternehmenserfolg; Allokation; Betriebsgröße; Marktgröße; Industrie; Dienstleistungssektor; Mexiko; USA
    Scope: 1 Online-Ressource (circa 68 Seiten), Illustrationen
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    Auch erschienen auch als: NBER working paper series no. 29717
  21. Firming up price inflation
    Author: Bunn, Philip; Anayi, Lena S.; Bloom, Nicholas; Mizen, Paul; Thwaites, Gregory; Yotzov, Ivan
    Published: [2022]
    Publisher:  Stanford Institute for Economic Policy Research (SIEPR), Stanford, CA

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    Series: Working paper / Stanford Institute for Economic Policy Research (SIEPR) ; no. 22, 30 (September, 2022)
    Scope: 1 Online-Ressource (circa 53 Seiten), Illustrationen
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    Auch erschienen als: NBER working paper series no. 30505
  22. Working from home around the world
    Author: Aksoy, Cevat Giray; Barrero, Jose Maria; Bloom, Nicholas; Davis, Steven J.; Dolls, Mathias; Zarate, Pablo
    Published: [2022]
    Publisher:  Stanford Institute for Economic Policy Research (SIEPR), Stanford, CA

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    Series: Working paper / Stanford Institute for Economic Policy Research (SIEPR) ; no. 22, 27 (September, 2022)
    Subjects: work from home; preferences over working arrangements; commute times; COVID-19; productivity surprises; government lockdown effects; innovation; cities
    Scope: 1 Online-Ressource (circa 69 Seiten), Illustrationen
    Notes:

    Auch erschienen auch als: NBER working paper series no. 30446
  23. Firming up price inflation
    Author: Bunn, Philip; Anayi, Lena; Bloom, Nicholas; Mizen, Paul; Thwaites, Gregory; Yotzov, Ivan
    Published: [2022]
    Publisher:  Bank of England, London

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    Series: Staff working paper / Bank of England ; no. 993 (August 2022)
    Subjects: Inflation; Covid-19; uncertainty
    Scope: 1 Online-Ressource (circa 52 Seiten), Illustrationen
  24. The shift to remote work lessens wage-growth pressures
    Author: Barrero, Jose Maria; Bloom, Nicholas; Davis, Steven J.; Meyer, Brent; Mihaylov, Emil; Altig, David
    Published: [2022]
    Publisher:  Stanford Institute for Economic Policy Research (SIEPR), Stanford, CA

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    Series: Auch erschienen als: NBER working paper series no. 30197
    Working paper / Stanford Institute for Economic Policy Research (SIEPR) ; no. 22, 24 (July, 2022)
    Subjects: 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
    Scope: 1 Online-Ressource (circa 21 Seiten), Illustrationen
  25. Long social distancing
    Author: Barrero, Jose Maria; Bloom, Nicholas; Davis, Steven J.
    Published: 11-4-2022
    Publisher:  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... more

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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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    Language: English
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    Other identifier:
    hdl: 10419/283971
    Series: Upjohn Institute working paper ; 22, 376
    Subjects: Social distancing; infection worries; pandemic; labor force participation; potential output; college wage premium; self-assessed causal effects
    Scope: 1 Online-Ressource (circa 63 Seiten), Illustrationen