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A New Spatial Hedonic Equilibrium in the Emerging Work-from-Home Economy? / Jan Brueckner, Matthew E. Kahn, Gary C. Lin.
- Format:
- Book
- Author/Creator:
- Brueckner, Jan.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w28526.
- NBER working paper series no. w28526
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2021.
- Summary:
- This paper studies the impacts of work-from-home (WFH) in the housing market from both intercity and intracity perspectives. Our results confirm the theoretical prediction that WFH puts downward pressure on housing prices and rents in high-productivity counties, a result of workers starting to relocate to cheaper metro areas during the pandemic without forsaking their desirable jobs. We also show that WFH tends to flatten intracity house-price gradients, weakening the price premium associated with good job access.
- Notes:
- Print version record
- March 2021.
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