We use a quantitative model to explore the implications of increased remote work for the U.S. urban landscape. Our framework robustly predicts changes in residents observed 2020-2021. We use our model to evaluate two competing interpretations of the 2020 remote work shock, and conclude the change in preferences was more important than the change in technology.
Revise and Resubmit at
Review of Economic StudiesMedia: LA Times,
Skift,
Fast Company,
Wallethub