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Many congratulations to Programme on Innovation and Diffusion Raffaella Sadun for the award of Grande Ufficiale of the Ordine al Merito della Repubblica Italiana buff.ly/3zQaR65 for her work on economic recovery & COVID Italy in US Harvard Business School Very proud of my co-author & ex-PhD student!

Survey reported WFH efficiency has increased from about 5% to 8% during the pandemic. Firms report this is due to investment, learning and adaptation - better equipment, management practices and home-organization. The economics of adapting to and improving a new technology.

Small meetings are preferred online - no travelling between meetings. Large meetings are preferred in person - no muting, no tiny zoom boxes, and chatting before/after. This is a benefit of coordinating office days under hybrid #wfh - large meetings can always be in person

Online meetings are seen as particularly efficient by more educated employees. Perhaps BA/MsC/PhD employees have a better home office or internet, or value screen-sharing to analyze data, code or documents? Suggests the benefits of #WFH are dependent on many factors.

WFH saves employees about 70 minutes a day on average. Most (about 60 minutes) from no commute, and the rest (about 10 minutes) from less preparation in the morning. About 1/2 of this saved time goes to working more and 1/2 to leisure/tasks, so employers and employees benefit.

“We argue that greater misallocation is a key driver of the worse management practices in Mexico compared to the US.” Nicholas Bloom, Leonardo Iacovone Mariana Pereira-López and John Van Reenen Programme on Innovation and Diffusion Read: ow.ly/YvXR50HGhvY

Employees spend 28 minutes getting ready when they travel to work vs 19 minutes when they work from home. This #WFH time saving arises in every industry, occupation, education, location, race, age and gender - for example:

Desires to #WFH varies by party. Democrats want one third more days than Republicans. This gap is similar after controlling for education, income, demographics, location and occupation. So politics seems to play a surprisingly large role in explaining Americans WFH preferences.

Our survey data on 3,000 firms finds the pandemic lowered the quality of goods and services that is not reflected in the price by 1.3%. This implies true inflation was likely about 1.3% higher over the period. nber.org/papers/w28233

Improving management practices in FE colleges could be an important way of reducing inequalities. By Sandra McNally , Luis Schmidt and Anna Valero CVER@LSE Programme on Innovation and Diffusion Read: ow.ly/jH6F50IePV6

New The EBRD research by Helena Schweiger & Alexander Stepanov : "When good managers face bad incentives: Management quality and energy intensity in the presence of price distortions" using World Bank Data papers.ssrn.com/sol3/papers.cf…

Hybrid WFH is here - offices are still only 40% full while leisure activities have returned Office occupancy will eventually flatline at about 60% once the return to office is complete (3-2 hybrid for the average employee) My thoughts on managing hybrid stanford.io/3qmDPXZ

Market forces are driving #WFH WFH has increased 500% so firms are ramping up R&D spending to support this Big WFH use = big profits for better WFH products So patents for WFH hardware and software are surging (updated figure from stanford.io/3dsXazL with Mihai Codreanu)

Better Management Practices In Further Education Colleges Boost Attainment Of Students From Disadvantaged Backgrounds buff.ly/3KXZqxz India Education Diary on Programme on Innovation and Diffusion Anna Valero and Centre for Economic Performance CVER@LSE Sandra McNally buff.ly/3N2Tl4R

You can read this data two ways to support #WFH 1) If you WFH you save 9 minutes a day on less personal grooming (the red bars) 2) If you go to work a few colleagues will less than fully "groomed" (the blue bars) Full slides stanford.io/3iBXRcD

This research documents, at the micro level, increasing between-firm differences in productivity, wages, size and markups, similar to those in America. By Jan De Loecker, Tim Obermeier, John Van Reenen Programme on Innovation and Diffusion LSE Department of Economics Read: cep.lse.ac.uk/_NEW/PUBLICATI…

Great conference today about future of New York 1) Hybrid WFH is creating a "donut effect" - employees moving to the suburbs 2) City center real-estate and retail are soft 3) NY still has a bright future, but a bit less bright than pre-COVID Full slides stanford.io/3iOOlmF

VACANCIES: WMS ManagementSurvey are seeking over 20 interns for full time work on the 2022 wave of the World Management Survey. For full details and to apply, visit: worldmanagementsurvey.org/current-jobs/

BLS WFH data is misleading. They ask "At any time in the last 4 weeks, did you telework or work at home for pay because of the coronavirus pandemic?" This excludes people that 1) WFH but not because of the pandemic 2) WFH pre-pandemic Most data shows current WFH at 25% to 35%

Just to follow-up WFH share is falling - so the BLS trend is right. We also find that wfhresearch.com as does Kastle & Gallup The problem with the BLS data is A) The level is wrong (WFH is about 30%) B) It is getting more wrong over time (the downward trend is too steep)