Job Displacement Costs of Phasing Out Coal

Juan-Pablo Rud (), Michael Simmons, Gerhard Toews and Fernando Aragon ()
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Juan-Pablo Rud: Royal Holloway, University of London, https://sites.google.com/view/juanpablorud/
Fernando Aragon: Simon Fraser University, https://sites.google.com/view/fernandoaragon/home

Discussion Papers from Department of Economics, Simon Fraser University

Abstract: The reduction of carbon emissions will require a rapid phasing out of coal and the displacement of millions of coal miners. How much could this energy transition cost mining workers? We use the dramatic collapse of the UK coal industry to estimate the long-term impact on displaced miners. We find evidence of substantial losses: wages fall by 40% and earnings fall by 80% to 90% one year after job loss. The losses are persistent and remain significantly depressed fifteen years later, amounting to present discounted value earnings losses of between four and six times the miners pre-displacement earnings. (JEL J30, J63, J64, O4)

Date: 2022-09
New Economics Papers: this item is included in nep-ene, nep-env and nep-lab
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Citations: View citations in EconPapers (3)

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Related works:
Journal Article: Job displacement costs of phasing out coal (2024)
Working Paper: Job Displacement Costs of Phasing out Coal (2022)
Working Paper: Job Displacement Costs of Phasing Out Coal (2022)
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