Discussion paper

DP18092 More working from home - aggregate and distributional impacts of shifts in residential location

We analyse how greater ability for some to work from home might affect relative and absolute house prices and generate impacts on welfare for different households with unequal options about flexible work. We find that a plausible calibration for the
scale of greater ability of many people to work from home creates substantial long run impacts on house values, population density and welfare. The resulting pattern of house prices and location rarely generates any losers though the benefits are far from equally
distributed. The implications for residential location and density are often not what one might expect.

£6.00
Citation

Miles, D and J Sefton (2023), ‘DP18092 More working from home - aggregate and distributional impacts of shifts in residential location‘, CEPR Discussion Paper No. 18092. CEPR Press, Paris & London. https://cepr.org/publications/dp18092