Tuesday, December 29, 2020
From Chicago Booth Review:
The work-from-home phenomenon is saving Americans more than 60 million hours of commuting time a day, according to Mexico Autonomous Institute of Technology’s Jose Maria Barrero, Stanford’s Nicholas Bloom, and Chicago Booth’s Steven J. Davis. “The time savings are approaching 10 billion hours as of mid-September for American workers alone. The global reduction in time spent commuting is surely many times larger,” they write.
So, what are people doing with the 54 minutes a day, on average, that they’re saving? Devoting 35 percent to more work on their primary jobs and 8 percent to more work on secondary jobs, the researchers suggest. Household chores, childcare, and other work activities at home eat up another 25 percent. The rest of their time savings go to indoor and outdoor leisure activities, including exercise. “The picture, then, is one in which those [who] WFH devote most of their savings in commuting time to nonleisure activities—work for pay, but also chores, home improvement, and childcare,” the researchers write.
Read more here.