Job creation in tight and slack labor markets

Lukas Buchheim, Martin Watzinger, Matthias Wilhelm

Do investment programs create more jobs in tight or in slack labor markets? We study this question using data from a large, long-term photovoltaic invest scheme in Germany. Comparing counties with high and low unemployment both over time and across space, we find that photovoltaic installations created at least twice as many jobs in slack than in tight labor markets. Our results suggest that the differences in job-creation are not driven by changes in the composition or prices of investment, capital-labor substitution, or regional migration. This leaves crowding-out as the most plausible mechanism.

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Year of publication:	[2019]
Authors:	Buchheim, Lukas ; Watzinger, Martin ; Wilhelm, Matthias
Publisher:	Munich, Germany : Collaborative Research Center Transregio 190
Subject:	Local Employment Multiplier \| State-dependent Multiplier \| Multiplikator \| Multiplier \| Arbeitsmarkt \| Labour market \| Beschäftigungseffekt \| Employment effect \| Arbeitsmarktpolitik \| Labour market policy \| Regionaler Arbeitsmarkt \| Regional labour market \| Erwerbstätigkeit \| Employment \| Theorie \| Theory \| Arbeitslosigkeit \| Unemployment

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Extent:	1 Online-Ressource (circa 58 Seiten) Illustrationen
Series:	Discussion paper. - München : Collaborative Research Center Transregio 190, ZDB-ID 2881680-8. - Vol. no. 144 (February 27, 2019)
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Graue Literatur ; Non-commercial literature ; Arbeitspapier ; Working Paper
Language:	English
Other identifiers:	hdl:10419/208044 [Handle]
Classification:	E24 - Employment; Unemployment; Wages ; E62 - Fiscal Policy; Public Expenditures, Investment, and Finance; Taxation ; J23 - Employment Determination; Job Creation; Demand for Labor; Self-Employment ; R23 - Regional Migration; Regional Labor Markets; Population
Source:	ECONIS - Online Catalogue of the ZBW

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