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Jacek Rothert
 
''Optimal teleworking agreements vs. yearning for normality when vaccine is on the horizon''
( 2021, Vol. 41 No.3 )
 
 
During a pandemic, companies may adopt teleworking agreements even if they lower current productivity. If managers (or policymakers) want to project an image of ``return to normality'', completely orthogonal to any economic or health outcomes, the scope of teleworking agreements is lower but constant in a stationary equilibrium. In response to the news about upcoming vaccine, rational managers always increase the scope of teleworking agreements, unless the desire to project the image of ``return to normality'' is sufficiently strong, effectively creating a reopening-smoothing motive. The ``return to normality'' may be premature if managers do not understand Lucas' Critique.
 
 
Keywords: Covid-19, teleworking, Lucas' Critique, alternative working arrangements
JEL: M5 - Personnel Economics: General
I1 - Health: General
 
Manuscript Received : Aug 03 2021 Manuscript Accepted : Sep 18 2021

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