How Working from Home Can Transform Entrepreneurship
TWCF Number
Project Duration
December 15 / 2021
- December 14 / 2023
Core Funding Area
Individual Freedom and Free Markets
North America
Amount Awarded
Grant DOI*

* A Grant DOI (digital object identifier) is a unique, open, global, persistent and machine-actionable identifier for a grant.

Nicholas Bloom
Institution The Board of Trustees of The Leland Stanford Junior University

COVID-19 led to a massive surge in working from home (WFH), rising from 5% of full workdays before the pandemic to roughly half during the pandemic and likely around 20% after the pandemic ends. The shift will remain because it saves commuting time, boosts productivity, and raises well-being for many workers.

The extraordinary WFH shift provides a unique opportunity to boost entrepreneurship and promote human flourishing with faster growth and less inequality.

Business formation has surged during the pandemic, particularly in sectors where remote work is more accessible. WFH offers an opportunity for increased entrepreneurship that spreads wealth-generating activities more evenly across the US, mainly to lower-income rural areas. It could also boost entrepreneurship among minorities, who may have less access to formal labor markets and business networks.

A project led by Nicholas Bloom in the Department of Economics at the Stanford School of Humanities and Sciences will build a significant new dataset, surveying 5,000 Americans per month over two years, collecting data on business creation, expansion, reorganization, product mix, remote work, and more. As the only survey focused on the connection between WFH and entrepreneurship, the resulting data will provide a unique resource.

Opinions expressed on this page, or any media linked to it, do not necessarily reflect the views of Templeton World Charity Foundation, Inc. Templeton World Charity Foundation, Inc. does not control the content of external links.
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