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

Author

Listed:
  • Gaetano Basso

    (Bank of Italy)

  • Luigi Guido

    (Einaudi Institute for Economics and Finance)

  • Matteo Paradisi

    (Einaudi Institute for Economics and Finance)

  • Andrea Petrella

    (Bank of Italy)

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.

Suggested Citation

  • Gaetano Basso & Luigi Guido & Matteo Paradisi & Andrea Petrella, 2023. "The employment activated by the National Recovery and Resilience Plan and its characteristics," Questioni di Economia e Finanza (Occasional Papers) 747, Bank of Italy, Economic Research and International Relations Area.
    • Handle: RePEc:bdi:opques:qef_747_23
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    More about this item

    Keywords

    employment; National Recovery and Resilience Plan; skills.;
    All these keywords.

    JEL classification:

    • D57 - Microeconomics - - General Equilibrium and Disequilibrium - - - Input-Output Tables and Analysis
    • J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General

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