Green Jobs for Full Employment, a Stock Flow Consistent Analysis

Antoine Godin

Chapter Chapter 1 in Employment Guarantee Schemes, 2013, pp 7-46 from Palgrave Macmillan

Abstract: Abstract Unemployment is a fact in present economies. Even without a crisis, unemployment exists and costs a lot to society. Reasons for unemployment are multiple and differ according to the theory at hand. Lack of effective demand, imperfect markets, and friction are examples of unemployment justifications. All sorts of policies based on these different theories have been implemented with varying results but none have proven effective in tackling unemployment. Full employment has never been achieved during the last 40 years. Often the problem is that these policies promote indirect jobs creation: public spending, wage subsidies, incentives, tax cuts, job training. Another issue is the change in the dimension of these policies; we now have microeconomic supply of labor policies instead of macroeconomic demand stimulation policies. Even if they meet some objectives, these policies do not provide an answer to unemployment.

Keywords: Government Spending; Capacity Utilization; Full Employment; Wage Earner; Cash Holding (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-31399-7_2

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DOI: 10.1057/9781137313997_2

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