R32 - Other Spatial Production and Pricing AnalysisNávrat zpět

The aim of the article is to quantify the implicit costs of land use regulations on the prices of new housing (flats and single-family homes) in Prague, Brno, Pilsen and Olomouc during the period 2013-2020. The main method is based on a comparison of new housing prices with construction costs. Furthermore, in the case of single-family homes, a hedonic model is constructed to determine the intrinsic value of land without regulation effects. The research concludes that the costs of regulation are considerable and increasing over time. The results show that the effects are more pronounced on flat markets compared to single-family home markets, the construction of which is subject to simplified permitting processes. The highest level of burden is identified on the flat market in Prague, where regulation can explain up to 44% of the market price. On the contrary, the price of single-family homes in Olomouc approximately corresponds to the sum of construction costs and the value of the land.

How well can a society and an economy face up to COVID-19 depends, among other factors, on how many jobs can be performed at home. Work from home has the potential to increase firms' productivity and quality of workers' lives regardless of COVID-19, but it can also create new challenges. In this paper, we estimate the share of Czech workers who could work from home, using detailed Czech labour force survey data and an internationally recognised occupational classification methodology. Overall, we apply in the Czech context a methodology developed by Dingel and Neiman and published by the Journal of Public Economics in 2020. Our results show that about one third of Czech workers can perform their jobs from home. This share is comparable with countries at similar per capita income levels and with the share of workers who worked from home in Czechia during COVID-19 in the spring of 2020. The ability to work from home is distributed unequally across sectors, regions and workers' education levels. Whereas around four fifths of workers in the financial or the information technology sectors can work from home, less than one in five workers in agriculture and culture can work from home. Most university-educated workers can work from home, but only one in ten workers with primary education can do so. About a half of the workers in Prague can work from home, while only about a quarter can do so in the rest of the Czech Republic.