Arbeitspapier
Job displacement costs of phasing out coal
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.
- Language
-
Englisch
- Bibliographic citation
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Series: IFS Working Papers ; No. 22/37
- Classification
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Wirtschaft
Wages, Compensation, and Labor Costs: General
Labor Turnover; Vacancies; Layoffs
Unemployment: Models, Duration, Incidence, and Job Search
- Subject
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Old industrial region
coal mining
miners
dismissal
loss of earnings
Great Britain
Alte Industrieregion
Kohlenbergbau
Bergleute
Kündigung
Verdienstausfall
Großbritannien
- Event
-
Geistige Schöpfung
- (who)
-
Rud, Juan Pablo
Simmons, Michael
Toews, Gerhard
Aragon, Fernando M.
- Event
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Veröffentlichung
- (who)
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Institute for Fiscal Studies (IFS)
- (where)
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London
- (when)
-
2022
- DOI
-
doi:10.1920/wp.ifs.2022.3722
- Handle
- Last update
-
10.03.2025, 11:45 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Rud, Juan Pablo
- Simmons, Michael
- Toews, Gerhard
- Aragon, Fernando M.
- Institute for Fiscal Studies (IFS)
Time of origin
- 2022
Other Objects (12)
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Skill Mismatch and the Costs of Job Displacement
Skill mismatch and the costs of job displacement
Flexible Wages and the Costs of Job Displacement
Skill Mismatch and the Costs of Job Displacement
The Welfare Costs of Job Loss and Decarbonization– Evidence from Germany's Coal Phase Out
Who Suffers the Greatest Loss? Costs of Job Displacement for Migrants and Natives
Job displacement and sectoral mobility
Job Displacement Insurance: An Overview
The echo of job displacement
Job displacement penalties in Japan
The costs of job displacement over the business cycle and its sources: Evidence from Germany
Job Displacement Costs of Phasing Out Coal
Skill Mismatch and the Costs of Job Displacement
Skill mismatch and the costs of job displacement
Flexible Wages and the Costs of Job Displacement
Skill Mismatch and the Costs of Job Displacement
The Welfare Costs of Job Loss and Decarbonization– Evidence from Germany's Coal Phase Out
Who Suffers the Greatest Loss? Costs of Job Displacement for Migrants and Natives
Job displacement and sectoral mobility
Job Displacement Insurance: An Overview
The echo of job displacement
Job displacement penalties in Japan