The distributional effects of job loss from fiscal consolidation: Evidence from the Budget Control Act of 2011

Tim Komarek () and Gary A. Wagner

Economics Letters, 2020, vol. 196, issue C

Abstract: We leverage spending reductions from the Budget Control Act of 2011 to estimate the effect of fiscal consolidation on local employment. Overall job losses were modest and tilted more heavily toward educated individuals. Cost-per-job estimates range from $250,000–$500,000.

Keywords: Federal contracting; Local labor market; Job displacement (search for similar items in EconPapers)
JEL-codes: E62 R11 R12 R38 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:196:y:2020:i:c:s0165176520303141

DOI: 10.1016/j.econlet.2020.109515

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