Research / BFI Working PaperJan 08, 2021

COVID-19 Shifted Patent Applications toward Technologies that Support Working from Home

Nicholas Bloom, Steven J. Davis, Yulia Zhestkova

We examine the text content of U.S. patent applications, identifying those that advance technologies in support of video conferencing, telecommuting, remote interactivity, and working from home (collectively, WFH). The share of new patent applications that advance WFH technologies more than doubles from January to September of 2020, greatly surpassing its previous peak, and following an upward trajectory since the onset of the pandemic. This evidence suggests that (re-)directed technical change in reaction to COVID-19 will raise the quality and efficiency of remote work, thereby reinforcing a shift to working from home even after the pandemic ends. 

More Research From These Scholars

BFI Working Paper Jun 16, 2021

Stock Prices and Economic Activity in the Time of Coronavirus

Steven J. Davis, Dingqian Liu, Xuguang Simon Sheng
Topics:  COVID-19, Financial Markets
BFI Working Paper Jan 1, 2016

Regulatory Complexity and Policy Uncertainty: Headwinds of Our Own Making

Steven J. Davis
Topics:  Financial Markets, Monetary Policy
BFI Working Paper Jun 21, 2022

The Shift to Remote Work Lessens Wage-Growth Pressures

Jose Maria Barrero, Nicholas Bloom, Steven J. Davis, Brent Meyer, Emil Mihaylov
Topics:  Employment & Wages