The employment activated by the National Recovery and Resilience Plan and its characteristics

Gaetano Basso, Luigi Guido (), Matteo Paradisi () and Andrea Petrella ()
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Luigi Guido: Einaudi Institute for Economics and Finance
Matteo Paradisi: Einaudi Institute for Economics and Finance

No 747, Questioni di Economia e Finanza (Occasional Papers) from Bank of Italy, Economic Research and International Relations Area

Abstract: The National Recovery and Resilience Plan (NRRP) allocates substantial resources to be used by 2026 and could significantly boost demand in many sectors. This paper proposes a quantification of the employment generated in the various sectors, broken down by type of skills required. Within the context of an input-output model, we allocate the resources of the NRRP to the sectors whose production will most likely be activated. The estimates point to a 1.7 per cent increase in labour demand on 2019 payroll employment. The new jobs would be created mainly in the construction sector and, to a lesser extent, in smaller high-tech sectors. The increase in labour demand for qualified professionals with analytical skills seems to be substantial.

Keywords: employment; National Recovery and Resilience Plan; skills. (search for similar items in EconPapers)
JEL-codes: D57 H50 J23 J24 (search for similar items in EconPapers)
Date: 2023-02
New Economics Papers: this item is included in nep-lma
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Persistent link: https://EconPapers.repec.org/RePEc:bdi:opques:qef_747_23

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