Investing in Care: A Strategy for Effective and Equitable Job Creation

Rania Antonopoulos (), Kijong Kim (), Thomas Masterson and Ajit Zacharias

Economics Working Paper Archive from Levy Economics Institute

Abstract: Massive job losses in the United States, over eight million since the onset of the "Great Recession," call for job creation measures through fiscal expansion. In this paper we analyze the job creation potential of social service–delivery sectors-early childhood development and home-based health care-as compared to other proposed alternatives in infrastructure construction and energy. Our microsimulation results suggest that investing in the care sector creates more jobs in total, at double the rate of infrastructure investment. The second finding is that these jobs are more effective in reaching disadvantaged workers-those from poor households and with lower levels of educational attainment. Job creation in these sectors can easily be rolled out. States already have mechanisms and implementation capacity in place. All that is required is policy recalibration to allow funds to be channeled into sectors that deliver jobs both more efficiently and more equitably.

Keywords: Social Care; Job Creation; Fiscal Expansion; Distribution; Infrastructure (search for similar items in EconPapers)
JEL-codes: D30 E62 J48 (search for similar items in EconPapers)
Date: 2010-08
New Economics Papers: this item is included in nep-cmp and nep-lab
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11)

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