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Abstract:

Blog
Covid-19 and structural change
Lena Anayi, Nicholas Bloom, Philip Bunn, Paul Mizen, Gregory Thwaites and Chris Young
October 2021
Paper No' :


Tags: covid-19; decision maker panel; productivity; remote working; teleworking; uk; uk firms; work from home; working from home; labour markets; labour

Covid-19 has had a sizeable impact on where people work and how they shop. This column uses data from the Decision Maker Panel business survey of 3,000 UK firms to assess the longer-run impact. The pandemic is expected to increase hours worked from home and sales made online. Firms will invest less in land and buildings but more in IT and software. The pandemic is also expected to reduce medium-term employment and sales, with some shift away from large urban areas towards more rural areas.