A 2015 case study by SIEPR Senior Fellow Nicholas Bloom found that when one Chinese travel agency assigned a random group of employees to work remotely for nine months, their productivity went up by 13 percent.
“The abruptness of this shock [COVID-19] is much larger than the 2008 global financial crisis,” said Ramin Toloui, an assistant Treasury secretary for international finance during the Obama administration.
"Maybe a year or two from now, when firms relax and say . . . you can come back in two or three days a week, and spend the other couple of days at home, that's, you know, the promised land," says SIEPR Senior Fellow Nick Bloom.
“We already have disparities. African Americans have the lowest business-ownership rate in the population. … And so here we’re creating a situation of closures that’s hitting the groups with the lowest rates even harder,” says Robert Fairlie, a recent SIEPR visiting professor and current economics... Read More