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Green Jobs for Full Employment, a Stock Flow Consistent Analysis

In: Employment Guarantee Schemes

Author

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  • Antoine Godin

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.

Suggested Citation

  • Antoine Godin, 2013. "Green Jobs for Full Employment, a Stock Flow Consistent Analysis," Palgrave Macmillan Books, in: Michael J. Murray & Mathew Forstater (ed.), Employment Guarantee Schemes, chapter 0, pages 7-46, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-31399-7_2
    DOI: 10.1057/9781137313997_2
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    Cited by:

    1. Giuliano Toshiro Yajima, 2021. "The Employer of Last Resort Scheme and the Energy Transition: A Stock-Flow Consistent Analysis," Economics Working Paper Archive wp_995, Levy Economics Institute.
    2. Godin, Antoine, 2014. "Job Guarantee: a Structuralist Perspective," Revue de la Régulation - Capitalisme, institutions, pouvoirs, Association Recherche et Régulation, vol. 16.
    3. Christos Pierros, 2021. "Assessing the internal devaluation policy implemented in Greece in an empirical stock‐flow consistent model," Metroeconomica, Wiley Blackwell, vol. 72(4), pages 905-943, November.

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