{"title":"Working from home, commuting time, and intracity house-price gradients","authors":"Jinwon Kim, Dede Long","doi":"10.1111/jors.12693","DOIUrl":null,"url":null,"abstract":"<p>The popularity of working from home (WFH) in the US has surged over the past two decades, with the COVID-19 pandemic further accelerating this trend. We hypothesize that WFH not only reduces the frequency of physical commutes but also lowers the time cost of commutes due to decreased urban congestion levels; both factors would flatten house-price gradients. Analyzing big data from Google Maps on travel time in California, we first confirm that COVID-19, as a WFH-boosting shock, induced larger decreases in morning travel time in cities with a higher WFH potential. We then empirically validate the effect of WFH on house-price gradients, channeled through its impact on commuting time; this effect explains 20% of the total WFH-induced flattening of house-price gradients during the pandemic in California.</p>","PeriodicalId":48059,"journal":{"name":"Journal of Regional Science","volume":"64 3","pages":"866-895"},"PeriodicalIF":3.2000,"publicationDate":"2024-02-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Regional Science","FirstCategoryId":"96","ListUrlMain":"https://onlinelibrary.wiley.com/doi/10.1111/jors.12693","RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
Abstract
The popularity of working from home (WFH) in the US has surged over the past two decades, with the COVID-19 pandemic further accelerating this trend. We hypothesize that WFH not only reduces the frequency of physical commutes but also lowers the time cost of commutes due to decreased urban congestion levels; both factors would flatten house-price gradients. Analyzing big data from Google Maps on travel time in California, we first confirm that COVID-19, as a WFH-boosting shock, induced larger decreases in morning travel time in cities with a higher WFH potential. We then empirically validate the effect of WFH on house-price gradients, channeled through its impact on commuting time; this effect explains 20% of the total WFH-induced flattening of house-price gradients during the pandemic in California.
期刊介绍：
The Journal of Regional Science (JRS) publishes original analytical research at the intersection of economics and quantitative geography. Since 1958, the JRS has published leading contributions to urban and regional thought including rigorous methodological contributions and seminal theoretical pieces. The JRS is one of the most highly cited journals in urban and regional research, planning, geography, and the environment. The JRS publishes work that advances our understanding of the geographic dimensions of urban and regional economies, human settlements, and policies related to cities and regions.
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