ACHIEVING EMPLOYMENT DIVIDEND IN THE POST-COVID-19 ERA: AN EXPLORATION FROM CHINA’S CARBON MARKET

Yishuang Liu (), Jinpeng Huang and Hanmin Dong
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Yishuang Liu: School of Economics and Management, Wuhan University, P. R. China
Jinpeng Huang: ��Center of Hubei Cooperative Innovation for Emissions Trading System, Hubei University of Economics, P. R. China‡School of Low Carbon Economics, Hubei University of Economics, P. R. China

Climate Change Economics (CCE), 2023, vol. 14, issue 01, 1-22

Abstract: Under the pressure of economic uncertainty and environmental protection in the post-COVID-19 era, achieving a new round of employment dividends has become one practical choice. Using the panel data of 30 Chinese provinces from 2007 to 2019, this study estimates the employment outcomes of carbon ETS pilots based on the difference-in-differences model. The findings of this study indicate the following: (1) Carbon ETS pilots can positively increase employment scales with an average effect of 7.12%. (2) This promoting effect will become more significant in provinces with high education levels, provinces with high average wages, and eastern region provinces. But there is no obvious difference between gender. (3) This positive effect can be transferred and enhanced by market competition and energy consumption. At the crossroads of green economic recovery, it will be greatly beneficial to formulate the national carbon market development roadmap under the carbon neutrality strategy.

Keywords: Carbon emission trading scheme; employment scales; employment dividend; green recovery; carbon neutrality (search for similar items in EconPapers)
Date: 2023
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DOI: 10.1142/S2010007823400018

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