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  5. How Work from Home Changes Housing Demand: Evidence from Online Search

AEA Papers and Proceedings

ISSN 2574-0768 (Print) | ISSN 2574-0776 (Online)

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How Work from Home Changes Housing Demand: Evidence from Online Search

  • Elisa Guglielminetti
  • Michele Loberto
  • Giordano Zevi
  • Roberta Zizza
AEA Papers and Proceedings
vol. 113, May 2023
(pp. 609–13)
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Abstract

We quantify the impact of work from home (WFH) on housing demand by leveraging a unique dataset of online housing sales advertisements in Italy and considering intensity in the adoption of WFH. By exploiting both the time series and the geographical variation in WFH adoption after the outbreak of the COVID-19 pandemic, we estimate that intensive WFH is the main driver of a significant recomposition of housing demand toward larger, single-family properties with outdoor spaces. This suggests that hybrid working arrangements involving a sizable amount of home-office work may have long-lasting consequences on housing markets and the organization of cities.

Citation

Guglielminetti, Elisa, Michele Loberto, Giordano Zevi, and Roberta Zizza. 2023. "How Work from Home Changes Housing Demand: Evidence from Online Search." AEA Papers and Proceedings, 113: 609–13. DOI: 10.1257/pandp.20231015

Additional Materials

JEL Classification

  • I12 Health Behavior
  • I18 Health: Government Policy; Regulation; Public Health
  • J22 Time Allocation and Labor Supply
  • M54 Personnel Economics: Labor Management
  • R21 Urban, Rural, Regional, Real Estate, and Transportation Economics: Housing Demand
  • R31 Housing Supply and Markets