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 | |
| Presentation 3 | |
The Socio-Economic Impact of the Energy Crisis: Evidence from Germany 1: IAB Nuremberg, Germany; 2: ZEW Mannheim, Germany; 3: University of Mannheim, Germany This paper examines the impact of the 2022 energy price shock on Germany's manufacturing sector. Using shifts in fuel prices and detailed energy consumption data from the German manufacturing census, we construct an exposure measure at the fine-grained four-digit sector level. Combining this with multiple administrative datasets, we document significant adverse effects of the energy price shock on economic activity, high cost pass-through, and negative impacts on investment and wages based on a difference-in-differences design. Finally, we map the price shock to labor market regions to characterize its geographic fallout. The insights from our analysis are highly relevant in the context of the structural changes required for transitioning to carbon neutrality. | |
