Can I read Job destruction and creation: Labor reallocation entailed by the clean air action in China on EtoBox?
Job destruction and creation: Labor reallocation entailed by the clean air action in China by Zhenran Li; Meng Wang; Qunwei Wang is a Economics, Econometrics and Finance article available to read on EtoBox.
What is Job destruction and creation: Labor reallocation entailed by the clean air action in China about?
Understanding the mechanism of labor reallocation during the implementation of environmental regulations is important for countries to stabilize employment. Using city-level data and listed firm-level data from 2005 to 2019, we investigated the labor reallocation entailed by the Clean Air Action (CAA) from 2013 to 2017 in China, and found that the CAA substantially reduced labor demand in regulated cities and listed firms. Notably, the CAA has entailed different levels of job destruction and job creation across time, industries, and firm types, boosting labor reallocation. Firstly, the effect of the CAA on labor demand was time-varying, as labor demand first decreased and then recovered from 2013 to 2019. Secondly, the CAA generated a greater job destruction in polluting industries and their downstream industries, and job creation in clean industries. Lastly, thanks to the CAA firms have increased the hiring of highly skilled workers, although equipment upgrades have reduced labor demand, especially in polluting firms.
Who reads Job destruction and creation: Labor reallocation entailed by the clean air action in China?
It is typically read by researchers, students, and practitioners in Economics, Econometrics and Finance.
- Author
- Zhenran Li; Meng Wang; Qunwei Wang
- Publisher
- Elsevier BV
- Published
- 2023
- Language
- EN
- Field
- Economics, Econometrics and Finance (Social Sciences)