Insights From Research Paper 3 Sample Clauses

Insights From Research Paper 3. Distributional effects of a post- pandemic green fiscal stimulus: skills, employment and wage of low-skilled manual workers 16
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Insights From Research Paper 3. Distributional effects of a post-pandemic green fiscal stimulus: skills, employment and wage of low-skilled manual workers A green fiscal stimulus is prominent in the current policy debate aiming to support the economic recovery from the Covid-19 pandemic. Supporters of the green recovery argue green stimuli would boost GDP, create jobs and help redirect economic systems towards the strategic long-term goal of reducing emissions. This research study provides new evidence on the distance in worker skill sets between occupations displaced by Covid-19 and other structural shocks, and the subset of green-manual occupations that are expected to be in high demand as a consequence of a green stimulus. Skill distance and other barriers may limit a transition of displaced workers to green manual jobs The study analyses whether gaps in green skills across occupational groups might affect the impact of green stimulus investments, focusing on the likely losers from the Covid-19 pandemic and likely winners from a green fiscal stimulus (i.e. green-manual jobs). The study finds that low-skilled occupations exposed to social distancing measures introduced by governments in response to Covid-19 as well as automatable occupations possess a skill-set that is different from that required by green-manual jobs. On the other hand, low-skilled labour in emission-intensive industries could be more easily employed in green-manual jobs as they already possess an adequate set of green skills. Areas with green training facilities gain the most in terms of green-manual jobs after a green fiscal stimulus As gaps in green skills could be a barrier to replacing displaced jobs, training can be a solution as it provides workers with the skills required for performing high-demand green jobs. The study provides evidence about the role of localised green training as an enabling factor in the creation of jobs by means of green fiscal stimulus by exploring the American Recovery and Reinvestment Act of 2009. The analysis shows that the potential for creating green jobs as a result of green fiscal stimulus crucially depends on the availability of green training to close the skills gap between displaced workers and jobs in high-demand because of a green fiscal stimulus.
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