Latest Updates: Related to Inflation
Research and Resources
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Future of Work

Future of Work

The resources below provide additional insight into this important topic.

"We expect work-from-home and hybrid-work will continue to impact the public finance landscape. In some places, the impacts will shift economic activity, and lower sales and income taxes, making some sectors that are more dependent on those revenue streams more susceptible to potential financial strain. This is a once-in-a-generation shift that will likely play out more quickly and in select locations versus others, but will play out whether or not leaders acknowledge or like the trend."

Tom Kozlik, Head of Municipal Research and Analytics

Research and Resources

Bloomberg: NYC Offices to See $50 Billion in Value Wiped Out, Study Says, Lizzie Kane, Oct. 3, 2022 (Note: See related NBER study linked below under Academic Reports.)

San Francisco Standard: SF Bay Area Reigns as Nation’s Work-From-Home Capital, Census Data Shows, Noah Baustin, Sept. 14, 2022

Chattanooga Times Free Press: Chattanooga’s major office employers decide remote work is here to stay, Dave Flessner, Sept. 9, 2022

Governing.com: Turning Downtown Residential: Why It’s Poised to Happen, Alan Ehrenhalt, August 29, 2022

Wall Street Journal: Pension Funds Are Selling Their Office Buildings, Heather Gillers, August 25, 2022

The Washington Post: The Remote Work Revolution is Already Reshaping America, Andrew Van Dam, August 19, 2022

Bloomberg: US Cities Stung by Great Resignation Hike Wages, Romy Varghese, June 29, 2022

Wall Street Journal: Connecticut Makes Remote Work Permanent for State Employees, Bruising Hartford’s Economy, March 17, 2022

Governing.com: Remote Jobs Are Good for Workers, but Not for City Budgets, February 28, 2022

PEW: Increased Availability of Remote Work Could Hurt Some Cities’ Revenues, February 22, 2022

Governing.com: What Will Working for State and Local Gov. Be Like in 2022?, December 13, 2021

American City and County: The new normal: How state and local governments can benefit from virtual desktop-as-a-service to support remote workforce, November 23, 2021

JDSupra: Does Your State Require Employers to Foot the Bill for Employees’ Remote Work Expenses? | Baker Donelson, March 17, 2021

SSRN: How Do Cities Change When We Work from Home?, December 14, 2020

ICMA: After COVID-19: Is There a Place for Telework in Local Government?, May 14, 2020

SWAA August 2022 Updates, Jose Maria Barrero, Nicholas Bloom, and Steven J. Davis, August 26, 2022

NBER: Why Working from Home Will Stick, Jose Maria Barrero, Nicholas Bloom, and Steven J. Davis, February 15, 2022

Let me work from home, or I will find another job, Jose Maria Barrero, Nicholas Bloom, and Steven J. Davis, July 18, 2021

Hybrid is the Future of Work, Nicholas Bloom, June 2021

VOXEU: Returning to the Office Will be Hard, Nicholas Bloom, Paul Mizen, Shivani Taneja, June 15, 2021

How working from home works out, Nicholas Bloom, June 2020

The bright future of working from home, Nicholas Bloom, May 2020

Special Briefing on Vulnerable Cities Facing Work from Home Realities, Nicholas Bloom and Stijn Van Nieuwerburgh, July 21, 2022

NBER: Work From Home and the Office Real Estate Apocalypse, Arpit Gupta, Vrinda Mittal, Stijn Vannieuwerburgh, September 2022

Federal Reserve Bank of San Francisco: Housing Demand and Remote Work, John Mondragon and Johannes Wieland, May 2022

SSRN: How Do Cities Change When We Work from Home?, Matt Delventhal, Eunjee Kwon, Andrii Parkhomenko, Dec. 14, 2020

NBER: Away from Home and Back: Coordinating (Remote) Workers in 1800 and 2020, Reka Juhasz, Mara Squicciarini, Nico Voigtlaender, December 2020

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