NextGen

Federal Reserve Study Finds Remote Employees Sleeping More and Working Less

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Despite spending more time at home working and commuting less due to the COVID-19 pandemic, Americans are not working more as a result, a study by the Federal Reserve Bank of New York has found.

More than 15 percent of full-time employees remain fully remote, and an additional 30 percent work in hybrid arrangements, according to the study by three Fed researchers and a Duke University economics professor. As a result, Americans spent 60 million fewer aggregate hours commuting to and from work.

Despite all those saved hours, “the decrease in hours worked away from home is only partially offset by an increase in working at home,” the researchers found, further stating that “even though employees reported allocating 35 percent of their saved commute time to work, they spent fewer total hours in paid employment.”

So, what did we do with all that saved time? More leisure time and sleeping, according to the researchers. The former, mostly among younger Americans, consisted of more time at social events, eating at restaurants or bars, and exercising. “Maybe that’s why restaurants and bars are offering earlier happy hours than they used to,” Crain’s New York Business posited.

Older age groups engaged more in activities such as child care, household maintenance, repairs, and meal preparation.

For these reasons, employees will continue to prefer flexible work arrangements, the study concluded.

Almost half of American workers have returned to the office, Crain’s reported.