The Employment Impact of Green Fiscal Push: Evidence from the American Recovery Act: Evidence from the American Recovery Act
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1 janvier 2020
- handle: 10670/1.rypygb
- hal: hal-03403066
- SCIENCESPO: 2441/7ii74oepuk9mc8fhilvvhfmbgp
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Mots-clés
Employment effect Green subsides American Recovery Act Heterogeneous effect Distributional impacts E - Macroeconomics and Monetary Economics/E.E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy/E.E2.E24 - Employment • Unemployment • Wages • Intergenerational Income Distribution • Aggregate Human Capital • Aggregate Labor Productivity E - Macroeconomics and Monetary Economics/E.E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook/E.E6.E62 - Fiscal Policy H - Public Economics/H.H5 - National Government Expenditures and Related Policies/H.H5.H54 - Infrastructures • Other Public Investment and Capital Stock H - Public Economics/H.H7 - State and Local Government • Intergovernmental Relations/H.H7.H72 - State and Local Budget and Expenditures Q - Agricultural and Natural Resource Economics • Environmental and Ecological Economics/Q.Q5 - Environmental Economics/Q.Q5.Q58 - Government PolicySujets proches
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David Popp et al., « The Employment Impact of Green Fiscal Push: Evidence from the American Recovery Act: Evidence from the American Recovery Act », Archive ouverte de Sciences Po (SPIRE), ID : 10670/1.rypygb
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Résumé
We evaluate the employment effect of the green part of the largest fiscal stimulus in recent history, the American Recovery and Reinvestment Act (ARRA). Each $1 million of green ARRA created 15 new jobs that emerged especially in the post-ARRA period (2013-2017). We find little evidence of significant short-run employment gains. Green ARRA creates more jobs in commuting zones with a greater prevalence of pre-existing green skills. Nearly half of the jobs created by green ARRA investments were in construction or waste management. Nearly all new jobs created are manual labor positions. Nonetheless, manual labor wages did not increase.