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Working from home and long-term housing wealth inequality in large cities of advanced economies

Working from home and long-term housing wealth inequality in large cities of advanced economies The purpose of this study is to explain the potential long-term impacts of working from home on housing wealth inequality in large cities of advanced economies.Design/methodology/approachThis study is descriptive research and It supports the arguments by providing some emerging evidence from property markets in developed countries.FindingsThe authors argue that due to the unique nature of the COVID-19 crisis, it will have a different and long-term impact on housing wealth inequality. Changes in the working arrangements of many professionals will change the housing demand dynamic across different suburbs and may lead to a reduction of the housing wealth gap in the long term. In this paper, the authors propose five mechanisms that may impact housing wealth inequality.Research limitations/implicationsLong-term data is required to test the proposed conceptual model in this study and the effect of the COVID-19 pandemic on housing wealth across and within suburbs of large cities.Practical implicationsPolicymakers and regulators may benefit from the discussions and suggestions provided in this study and consider the proposed avenues on how new changes in the working environment (remote working) may result in a reduction of housing wealth inequality.Originality/valueThis study presents a new perspective about the potential long-term impacts of working from home that is posed by the COVID-19 pandemic on housing wealth inequality in large cities of developed economies. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png International Journal of Housing Markets and Analysis Emerald Publishing

Working from home and long-term housing wealth inequality in large cities of advanced economies

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References (86)

Publisher
Emerald Publishing
Copyright
© Emerald Publishing Limited
ISSN
1753-8270
eISSN
1753-8270
DOI
10.1108/ijhma-11-2021-0121
Publisher site
See Article on Publisher Site

Abstract

The purpose of this study is to explain the potential long-term impacts of working from home on housing wealth inequality in large cities of advanced economies.Design/methodology/approachThis study is descriptive research and It supports the arguments by providing some emerging evidence from property markets in developed countries.FindingsThe authors argue that due to the unique nature of the COVID-19 crisis, it will have a different and long-term impact on housing wealth inequality. Changes in the working arrangements of many professionals will change the housing demand dynamic across different suburbs and may lead to a reduction of the housing wealth gap in the long term. In this paper, the authors propose five mechanisms that may impact housing wealth inequality.Research limitations/implicationsLong-term data is required to test the proposed conceptual model in this study and the effect of the COVID-19 pandemic on housing wealth across and within suburbs of large cities.Practical implicationsPolicymakers and regulators may benefit from the discussions and suggestions provided in this study and consider the proposed avenues on how new changes in the working environment (remote working) may result in a reduction of housing wealth inequality.Originality/valueThis study presents a new perspective about the potential long-term impacts of working from home that is posed by the COVID-19 pandemic on housing wealth inequality in large cities of developed economies.

Journal

International Journal of Housing Markets and AnalysisEmerald Publishing

Published: Jan 2, 2023

Keywords: Covid-19; Housing wealth; Housing prices; Inequality; Remote working; Inner-city housing

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