The Welfare Costs of Job Loss and Decarbonization– Evidence from Germany's Coal Phase Out
نویسندگان
چکیده
Decarbonizing economies is an enormous task. Public debate often focuses on the job loss of workers in fossil industries. Why costly? Who most affected? Can delaying transition reduce welfare costs? What other policy instruments may be available? We present a simple search framework that calculates life-time costs loss. apply model to archetypical industry - coal mining. Based universe German employment biographies, we estimate and decompose costs. find unemployment small factor: Higher wages security drive distinguish by age, education business cycle. High-educated aged 31-49 face highest losses. detailed demographic projection, advancing exit from 2038 2030 increases unmitigated one third. Labor market promoting career switches rather than retirement can alleviate these costs: A wage insurance scheme estimated losses 80-99% at reasonable
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ژورنال
عنوان ژورنال: Social Science Research Network
سال: 2021
ISSN: ['1556-5068']
DOI: https://doi.org/10.2139/ssrn.3870195