Housing Consumption and the Cost of Remote Work / Christopher T. Stanton, Pratyush Tiwari.

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Stanton, Christopher T

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Material type: Text

TextSeries: Working Paper Series (National Bureau of Economic Research) ; no. w28483.Publication details: Cambridge, Mass. National Bureau of Economic Research 2021.Description: 1 online resource: illustrations (black and white)Subject(s):

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Abstract: This paper estimates housing choice differences between households with and without remote workers. Prior to the pandemic, the expenditure share on housing was more than seven percent higher for remote households compared to similar non-remote households in the same commuting zone. Remote households' higher housing expenditures arise from larger dwellings (more rooms) and a higher price per room. Pre-COVID, households with remote workers were actually located in areas with above-average housing costs, and sorting within-commuting zone to suburban or rural areas was not economically meaningful. Using the pre-COVID distribution of locations, we estimate how much additional pre-tax income would be necessary to compensate non-remote households for extra housing expenses arising from remote work in the absence of geographic mobility, and we compare this compensation to commercial office rents in major metro areas.

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Item type	Home library	Collection	Call number	Status	Date due	Barcode	Item holds
Working Paper	Biblioteca Digital	Colección NBER	nber w28483 (Browse shelf(Opens below))	Not For Loan

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February 2021.

This paper estimates housing choice differences between households with and without remote workers. Prior to the pandemic, the expenditure share on housing was more than seven percent higher for remote households compared to similar non-remote households in the same commuting zone. Remote households' higher housing expenditures arise from larger dwellings (more rooms) and a higher price per room. Pre-COVID, households with remote workers were actually located in areas with above-average housing costs, and sorting within-commuting zone to suburban or rural areas was not economically meaningful. Using the pre-COVID distribution of locations, we estimate how much additional pre-tax income would be necessary to compensate non-remote households for extra housing expenses arising from remote work in the absence of geographic mobility, and we compare this compensation to commercial office rents in major metro areas.