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来源类型Working Paper
规范类型报告
DOI10.3386/w29960
来源IDWorking Paper 29960
Neighborhood Choice After COVID: The Role of Rents, Amenities, and Work-From-Home
Fernando V. Ferreira; Maisy Wong
发表日期2022-04-25
出版年2022
语种英语
摘要We investigate how neighborhood preferences and choices changed one year after the beginning of the COVID pandemic. We study a Neighborhood Choice Program that helped graduating students choose where to live by providing new information about rents and amenities. Using panel data on neighborhood rankings before and after information, we find that changes in rankings favor neighborhoods where social and professional network shares are higher by 2.2 percentage points, rents are lower by $432, and are 2.4 kilometers farther from the city center. Interestingly, we did not detect this movement away from downtowns when the program was offered prior to the pandemic. We then estimate a neighborhood choice model to recover MWTP for amenities both before and after the pandemic. Our estimates reveal that MWTP for network shares post COVID is markedly lower than prior to COVID. Finally, we perform counterfactuals to quantitatively assess how changes in preferences affect where people live, and find that weaker network preferences are most impactful, while heterogeneity by commute and work-from-home are less relevant.
主题Financial Economics ; Public Economics ; Labor Economics ; Regional and Urban Economics ; COVID-19
URLhttps://www.nber.org/papers/w29960
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/587634
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Fernando V. Ferreira,Maisy Wong. Neighborhood Choice After COVID: The Role of Rents, Amenities, and Work-From-Home. 2022.
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