The Evolution of the Online Platform Economy: Evidence from Five Years of Banking Data

Measuring the gig economy has been challenging. Drawing on anonymized administrative banking data, we measure supply-side participation in the online platform economy between 2013 and 2018. We find 2.3 million account holders who received payments from 128 transportation, non-transport work, selling, and leasing platforms. Participation grew rapidly, particularly in the transportation sector. Average monthly revenues declined among drivers and increased among lessors even within metro areas. At least a third—and likely more—of the decline in transportation revenues is driven by decreases in hours worked. These findings raise important policy questions and motivate promising directions for future work.

Farrell, D.; Greig, F.; and Hamoudi, A. (2019). The Evolution of the Online Platform Economy: Evidence from Five Years of Banking Data. AEA Papers and Proceedings, 109 : 362-66.

Metadata

  • no specific sector focus
  • 2019
  • Research publication
  • income, working time and work-life balance
  • English
  • AEA Papers and Proceedings (Publisher)
  • Quantitative research
  • Open access
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