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作者

Matthew J. Delventhal;Eunjee Kwon;Andrii Parkhomenko

来源

来源 JOURNAL OF URBAN ECONOMICS,Vol.127,P.

语言

英文

关键字

COVID-19;Urban;Work at home;Commuting;Spatial equilibrium;E24;J22;J80;R14;R31;R33;R41

作者单位

The Robert Day School of Economics and Finance, Claremont McKenna College, Claremont, CA 91711, United States;Department of Economics, University of Southern California, Los Angeles, CA 90089, United States;Department of Finance and Business Economics, Marshall School of Business, University of Southern California, Los Angeles, CA 90089, United States;The Robert Day School of Economics and Finance, Claremont McKenna College, Claremont, CA 91711, United States;Department of Economics, University of Southern California, Los Angeles, CA 90089, United States;Department of Finance and Business Economics, Marshall School of Business, University of Southern California, Los Angeles, CA 90089, United States

摘要

How would the shape of our cities change if there were a permanent increase in working from home? We study this question using a quantitative model of the Los Angeles metropolitan area featuring local agglomeration externalities and endogenous traffic congestion. We find three important effects: (1) Jobs move to the core of the city, while residents move to the periphery. (2) Traffic congestion eases and travel times drop. (3) Average real estate prices fall, with declines in core locations and increases in the periphery. Workers who are able to switch to telecommuting enjoy large welfare gains by saving commute time and moving to more affordable neighborhoods. Workers who continue to work on-site enjoy modest welfare gains due to lower commute times, improved access to jobs, and the fall in average real estate prices.