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|z 9781513573618
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Mohommad, Adil.
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|a Employment Effects of Environmental Policies :
|b Evidence From Firm-Level Data /
|c Adil Mohommad.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2021.
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|a 1 online resource (29 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a The employment impact of environmental policies is an important question for policy makers. We examine the effect of increasing the stringency of environmental policy across a broad set of policies on firms' labor demand, in a novel identification approach using Worldscope data from 31 countries on firm-level CO2 emissions. Drawing on evidence from as many as 5300 firms over 15 years and the OECD environmental policy stringency (EPS) index, it finds that high emission-intensity firms reduce labor demand upon impact as EPS is tightened, whereas low emission-intensity firms increase labor demand, indicating a reallocation of employment. Moreover, tightening EPS during economic contractions appears to have a positive effect on employment, other things equal. Quantifications exercises show modest positive net changes in employment for market-based policies, and modest negative net changes for non-market policies (mainly emission quantity regulations) and for the combined aggregate EPS. Within market-based policies, the percent decline in employment in high-emission firms (correspondingly the increase in low-emission firms) for a unit change in a policy index is smallest (largest) for trading schemes ('green' certificates, and 'white' certificates)-although stringency is not comparable across indices. Finally, the employment effects of EPS are not persistent.
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|a Employment
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|a Foreign Exchange
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|a Unemployment
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|a IMF Working Papers; Working Paper ;
|v No. 2021/140
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2021/140/001.2021.issue-140-en.xml
|z IMF e-Library
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