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Lunchseminar in Economics: A New Spatial Hedonic Equilibrium in the Emerging Work-from-Home Economy?

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Speaker: Jan Brueckner, University of California, Irvine, USA
Event date: Wednesday, 22 September 2021 02:00 pm - 03:00 pm
Place: ONLINE ACCESS

Abstract

This paper studies the impacts of work-from-home (WFH) in the housing market from both intercity and intracity perspectives.  Our results confirm the theoretical prediction that WFH puts downward pressure on housing prices and rents in high-productivity counties, a result of workers starting to relocate to cheaper metro areas during the pandemic without forsaking their desirable jobs.  We also show that WFH tends to flatten intracity house-price gradients, weakening the price premium associated with good job access.

 

Jan Brueckner is Distinguished Professor of Economics at the University of California, Irvine.  He received an B.A. from UC Berkeley in 1972 and a Ph.D. from Stanford University in 1976, and was a long-time faculty member at the University of Illinois at Urbana-Champaign before coming to UCI in 2005.  He has served as visiting professor at UC Santa Barbara and UC San Diego, and has been a visiting scholar at many foreign universities.  Brueckner has published extensively in the areas of urban economics, public economics, housing finance, and the economics of the airline industry.  He served as editor of the Journal of Urban Economics for 16 years and is currently a member of the editorial boards of 8 journals.  He has served as a consultant to the World Bank, the US Department of Transportation, many of the major airlines, and other organizations.

Link: https://www.eventbrite.com/e/dem-lunch-seminar-jan-k-brueckner-university-of-california-irvine-usa-registration-170172316981
Data: BRUECKNER Jan 22.09.2021.pdf 263.22 kB