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dc.contributor.author
Bretschger, Lucas
dc.contributor.author
Jo, Ara
dc.date.accessioned
2024-02-22T14:57:41Z
dc.date.available
2024-02-14T10:14:12Z
dc.date.available
2024-02-22T14:57:41Z
dc.date.issued
2024-03
dc.identifier.issn
0095-0696
dc.identifier.issn
1096-0449
dc.identifier.other
10.1016/j.jeem.2024.102934
en_US
dc.identifier.uri
http://hdl.handle.net/20.500.11850/659622
dc.identifier.doi
10.3929/ethz-b-000659622
dc.description.abstract
This paper extends the literature on the potential negative employment effects of environmental policy by bringing to the fore a key factor that directly regulates its magnitude: the elasticity of substitution between labor and energy. Using firm-level data from the French manufacturing sector and addressing endogeneity concerns, we provide empirical estimates that point to strong complementarity between labor and energy. We then investigate the empirical relevance of the elasticity of substitution in studying firms’ response to changing energy prices. Our findings suggest that the negative employment effects of rising energy prices are largely driven by firms with limited substitution capacity.
en_US
dc.format
application/pdf
en_US
dc.language.iso
en
en_US
dc.publisher
Elsevier
en_US
dc.rights.uri
http://creativecommons.org/licenses/by/4.0/
dc.subject
Market-based regulation
en_US
dc.subject
Employment
en_US
dc.subject
Elasticity of substitution
en_US
dc.title
Complementarity between labor and energy: A firm-level analysis
en_US
dc.type
Journal Article
dc.rights.license
Creative Commons Attribution 4.0 International
dc.date.published
2024-02-01
ethz.journal.title
Journal of Environmental Economics and Management
ethz.journal.volume
124
en_US
ethz.journal.abbreviated
J. Environ. Econ. Manage.
ethz.pages.start
102934
en_US
ethz.size
12 p.
en_US
ethz.version.deposit
publishedVersion
en_US
ethz.code.jel
JEL - JEL::Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics::Q4 - Energy::Q40 - General
en_US
ethz.code.jel
JEL - JEL::Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics::Q5 - Environmental Economics::Q54 - Climate; Natural Disasters and Their Management; Global Warming
en_US
ethz.code.jel
JEL - JEL::Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics::Q5 - Environmental Economics::Q55 - Technological Innovation
en_US
ethz.code.jel
JEL - JEL::O - Economic Development, Innovation, Technological Change, and Growth::O3 - Innovation; Research and Development; Technological Change; Intellectual Property Rights::O33 - Technological Change: Choices and Consequences; Diffusion Processes
en_US
ethz.identifier.wos
ethz.identifier.scopus
ethz.publication.status
published
en_US
ethz.relation.isNewVersionOf
10.3929/ethz-b-000511510
ethz.date.deposited
2024-02-14T10:14:13Z
ethz.source
SCOPUS
ethz.eth
yes
en_US
ethz.availability
Open access
en_US
ethz.rosetta.installDate
2024-02-22T14:58:17Z
ethz.rosetta.lastUpdated
2024-02-22T14:58:17Z
ethz.rosetta.exportRequired
true
ethz.rosetta.versionExported
true
ethz.COinS
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