Guaranteed Green Jobs: Sustainable Full Employment

Levy Economics Institute of Bard College Working Paper No. 722

40 Pages Posted: 16 May 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: May 15, 2012

Abstract

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 paper proposes an analysis of a green-jobs employer-of-last-resort (ELR) program based on a stock-flow consistent (SFC) model with three productive sectors (consumption, capital goods, and energy) and two household sectors (wage earners and capitalists). By increasing the energy efficiency of dwellings and public buildings, the green-jobs ELR sector implies a shift in consumption patterns from energy consumption toward consumption of goods. This could spur the private sector and thus increase employment. Lastly, the jobs guarantee program removes all involuntary unemployment and decreases poverty while lowering 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 Jobs, Stock-flow Consistent

JEL Classification: E24, J08, Q48

Suggested Citation

Godin, Antoine, Guaranteed Green Jobs: Sustainable Full Employment (May 15, 2012). Levy Economics Institute of Bard College Working Paper No. 722. Available at SSRN: https://ssrn.com/abstract=2060326 or http://dx.doi.org/10.2139/ssrn.2060326

Antoine Godin (Contact Author)

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

UMR7115
Université Paris-Nord
Paris XIII
France

Agence Française de Développement (AFD) ( email )

5, rue Roland Barthes
Paris Cedex 12, 75598
France

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

Hans-Böckler-Straße 39
40476 Düsseldorf
Germany

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