The pandemic’s arrival in early 2020 upended daily life for millions of American workers and the businesses that employ them.
. Our model takes this a step further and assumes these changes will become entrenched.
This prediction may be coming true. NPR recently reported that since 2020, homebuyers relocating from cities have beenThis suggests our model can be a valuable tool to help business leaders, economists, policymakers and others make informed decisions as they try to make sense of the pandemic’s far-reaching economic impacts on their cities.Any model is a simplification of reality. In our model, all the workers and employers are identical.
Another important unknown is the ongoing effect of telecommuting on productivity. During the pandemic, employers and workers have not reported substantial productivity losses – if anything, workers have reportedAt the same time, productivity often benefits from opportunities to build and sustain professional networks. These networks may weaken as more people spend more time telecommuting.We continue to observe and study how the rise in telecommuting may affect city centers.
However, not every worker or business can relocate. Our newest paper models the distribution of jobs and residents across 4,502 U.S. locations and
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