Green Jobs for Full Employment: A Stock Flow Consistent Analysis

36 Pages Posted: 21 Mar 2012 Last revised: 22 Mar 2012

See all articles by Antoine Godin

Antoine Godin

Centre d'économie de l'Université de Paris Nord (CEPN); Agence Française de Développement (AFD); Hans-Boeckler-Stiftung - Macroeconomic Policy Institute (IMK)

Date Written: February 13, 2012


In most economies, the potential of saving energy via insulation and more efficient uses of electricity is important. In order to reach the Kyoto Protocol objectives, it is urgent to develop policies that reduce the production of carbon dioxide in all sectors of the economy. This article proposes an analysis of a green job Employer of Last Resort (ELR) program based on a Stock Flow Consistent model with three productive sectors: consumption and capital goods and energy; and two household sectors: wage earners and capitalists. By increasing the energy efficiency of dwellings and public buildings, the green job ELR sector implies a change in the consumption patterns from energy consumption towards consumption goods. This could spur the private sector and thus increase its employment. Lastly, the job guarantee programs removes all involuntary unemployment and decreases poverty while decreasing carbon dioxide emissions. The environmental policy proposed in this paper is macroeconomic and offers a structural change of the economy instead of the usual micro solutions.

Keywords: Full Employment, Green job, Stock Flow Consistent

JEL Classification: E24, J08, Q48

Suggested Citation

Godin, Antoine, Green Jobs for Full Employment: A Stock Flow Consistent Analysis (February 13, 2012). Available at SSRN: or

Antoine Godin (Contact Author)

Centre d'économie de l'Université de Paris Nord (CEPN) ( email )

Université Paris-Nord
Paris XIII

Agence Française de Développement (AFD) ( email )

5, rue Roland Barthes
Paris Cedex 12, 75598

Hans-Boeckler-Stiftung - Macroeconomic Policy Institute (IMK) ( email )

Hans-Böckler-Straße 39
40476 Düsseldorf

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