Conference Agenda
Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).
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Daily Overview |
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Socio-economic impacts of the energy transition Location: Auditorium N: Agnar Sandmo Session Chair: Guglielmo Zappalà, UC Berkeley | |
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Lost in the green transition: Foregone earnings for workers during the coal plant phase-out in Germany Cornell University, United States of America In this paper, I analyze the local labor market effects following the first wave of the coal plant phase-out in Germany, focusing on the transitional costs for workers in coal mining and electricity. I compare these workers to ones in other industries, within districts that contain coal-fired power plants or mines. The findings show that the policy announcement led to a 5.6-5.8% reduction in the average daily wages of directly affected workers from 2015 to 2019. I demonstrate that the wage impact was most pronounced among workers who separated from their firms after the policy announcement, facing a wage reduction of 10.6-11.0%. The announcement disproportionately affected older workers and those in manual occupations, particularly the ones in the middle of the skill-level distribution. I find that workers who separated from their firms following the closure of a plant moved to new firms within the same districts and remained in electricity or mining. Since I find no effects on overall employment, I provide evidence that renewable installations in treated districts picked up following 2014, suggesting that green energy jobs might have absorbed affected workers. | |