The Employment Impact of Green Fiscal Push: Evidence from the American Recovery Act

Online Seminar | 7 October, 2020
h. 12:00 pm CEST 

Speaker: Francesco Vona, OFCE SciencesPo, SKEMA Business School, [email protected]’Foscari

Introduced by: Enrica DeCian, [email protected]’Foscari

Popp, D., Vona, F., Marin, G., Chen, Z., 2020
NBER working paper 27321



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.




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Organized by:
Fondazione CMCC – Centro Euro-Mediterraneo sui Cambiamenti Climatici

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