The Employment Effects of Countercyclical Public Investments

IF 5.6 1区经济学 Q1 ECONOMICS

American Economic Journal-Economic Policy Pub Date : 2023-02-01 DOI:10.1257/pol.20180323

L. Buchheim, M. Watzinger

引用次数: 1

Abstract

This paper estimates the causal impact of a sizable German public investment program on employment at the county level. The program focused on improving the energy efficiency of school buildings, making it possible to use the number of schools as an instrument for investments. It also enforced tight deadlines, reducing potential implementation lags. The program was cost-effective, creating, on average, one job for one year for an investment of €24,000. The employment gains are detectable after nine months and are accompanied by an unemployment reduction amounting to half of the job creation. Employment grew predominately in the directly affected industries. (JEL E24, E32, E62, H54, J23, R23)

查看原文本刊更多论文

反周期公共投资的就业效应

本文估计了一个规模可观的德国公共投资项目对县一级就业的因果影响。该计划的重点是提高学校建筑的能源效率，使利用学校数量作为投资工具成为可能。它还强制执行严格的最后期限，减少了潜在的执行滞后。该项目具有成本效益，投资2.4万欧元，平均每年创造一个就业机会。就业增长在9个月后就可以察觉到，并伴随着相当于创造就业机会一半的失业率下降。就业增长主要集中在直接受影响的行业。(凝胶e24, e32, e62, h54, j23, r23)

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

American Economic Journal-Economic Policy ECONOMICS-

CiteScore

8.20

自引率

1.90%

发文量

期刊介绍： The American Economic Review (AER) is a general-interest economics journal. The journal publishes 12 issues containing articles on a broad range of topics. Established in 1911, the AER is among the nation's oldest and most respected scholarly journals in economics. American Economic Journal: Economic Policy publishes papers covering a range of topics, the common theme being the role of economic policy in economic outcomes. Subject areas include public economics; urban and regional economics; public policy aspects of health, education, welfare and political institutions; law and economics; economic regulation; and environmental and natural resource economics.