Working from home; urban structure; commuting; remote work; land use; R12; R14; R21; R49; J81; Economics and Econometrics; Geography, Planning and Development
Abstract :
[en] Abstract
This article investigates the impact of working from home (WFH) on the emergence and structure of monocentric cities. In the long run, WFH raises urban productivity only in sufficiently large cities. Business land rents fall while residential land rents decrease near the business district. Workers have incentives to adopt inefficiently high WFH schemes. In the short run, WFH yields mixed benefits for commuters and firms, which corroborates the low WFH adoption before the pandemic. Advances in digital technology increase the welfare benefits of WFH. Calibration exercises on European capital cities shed light on the quantitative impact of WFH.
Disciplines :
Business & economic sciences: Multidisciplinary, general & others
Author, co-author :
Kyriakopoulou, Efthymia; Department of Economics, Athens University of Economics and Business, 76, Patission Str., Athens, 104 34, Greece ; Department of Economics, Swedish University of Agricultural Sciences , Box 7013, 750 07 Uppsala, Sweden
PICARD, Pierre M ; University of Luxembourg > Faculty of Law, Economics and Finance (FDEF) > Department of Economics and Management (DEM) ; LIDAM CORE > Catholic University of Louvain
External co-authors :
yes
Language :
English
Title :
The Zoom city: working from home, urban productivity and land use
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