These national trends tell a story that is consistent across many metro areas. On the leasing side, we found that participation rates tripled nationwide while average monthly revenues doubled. Nationwide, transportation sector participation-measured as the fraction of our sample generating income through a transportation platform in any given month-increased by more than a factor of 20 from 2013 to 2018, while average monthly revenues declined by half.
We observed strong secular national trends in two of the sectors, transportation and leasing, starting in 2013. In the JPMorgan Chase Institute report, The Online Platform Economy in 27 Metro Areas: The Experience of Drivers and Lessors, we leveraged de-identified data from 2.3 million families participating in the Online Platform Economy to track supply-side participation, revenues, and engagement rates in two sectors-transportation and leasing-across 27 metro areas. JPMorgan Chase Institute research has divided the Online Platform Economy into four key sectors: transportation, leasing, selling, and non-transport work. The Online Platform Economy has created a new marketplace for work by providing flexible, highly accessible opportunities to generate earnings that have the potential to help individuals buffer against income and expense shocks.
Drivers and Lessors in San Francisco See Above Average RevenuesĪmerican households experience significant income and expense volatility.
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