Working From Home

*** R&R Review of Economic Studies***Working from home leads to a 4% decrease in neighborhood burglaries for every 9.5pp increase in WFH. This is attributed to burglars avoiding occupied homes and increased surveillance (“eyes on the street”). High WFH areas, especially with prior burglary risks, see increased property value.

Covid Economics The ‘Zoomshock’, a result of Covid-19, pushed work into homes, reshaping local service demand. Examining UK data, we find: substantial worker mobility, declining activity in city centres, and a move to suburbs with fewer local services. We discuss post-Covid employment and economic recovery.