Go green or go home? Energy transition, directed technical change and wage inequalit

Códigos JEL: J24, O33, O44, Q43

Autores:
Torres León, María Alejandra
Tipo de recurso:
Work document
Fecha de publicación:
2022
Institución:
Universidad de los Andes
Repositorio:
Séneca: repositorio Uniandes
Idioma:
eng
OAI Identifier:
oai:repositorio.uniandes.edu.co:1992/57221
Acceso en línea:
http://hdl.handle.net/1992/57221
Palabra clave:
Energy transition
Directed technical change
Growth
Income distribution
Labor market
Economía
Rights
openAccess
License
http://creativecommons.org/licenses/by-nc-nd/4.0/
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spelling Al consultar y hacer uso de este recurso, está aceptando las condiciones de uso establecidas por los autoreshttp://creativecommons.org/licenses/by-nc-nd/4.0/info:eu-repo/semantics/openAccesshttp://purl.org/coar/access_right/c_abf2Torres León, María Alejandra9168d872-3485-443f-bbef-2e27236673f84002022-05-12T16:50:12Z2022-05-12T16:50:12Z2022-05http://hdl.handle.net/1992/572211657-719110.57784/1992/57221instname:Universidad de los Andesreponame:Repositorio Institucional Sénecarepourl:https://repositorio.uniandes.edu.co/Códigos JEL: J24, O33, O44, Q43What happens to workers of the fossil fuels industry if an energy transition takes place? Even though an energy transition is one of the main objectives in the flght against climate change, it carries several economic and social costs, especially as it has heterogeneous effects on different groups of individuals. This paper introduces a directed technical change model where innovation is focused on the energy sector that demands both skilled and low-skilled labor. In this context, I show how an environmental catastrophe is inevitable if there is not a policy to carry out an energy transition. Once this policy is implemented, there is directed technical change toward the clean sector and workers in the dirty sector bear an extra cost to adapt their abilities to the skills' demand in the new sector. Consequently, the existing income gap is amplified following i) changes in relative labor supply favoring workers in the clean sector and ii) a reduction in disposable income for human capital investment. Government intervention is needed to compensate households and guarantee that economic and environmental gains from the energy transition outweigh its welfare losses.53 páginasapplication/pdfengUniversidad de los Andes, Facultad de Economía, CEDEFacultad de EconomíaDocumentos CEDE No. 11 Mayo de 2022https://ideas.repec.org/p/col/000089/020104.htmlGo green or go home? Energy transition, directed technical change and wage inequalitDocumento de trabajoinfo:eu-repo/semantics/workingPaperinfo:eu-repo/semantics/acceptedVersionhttp://purl.org/coar/resource_type/c_8042Texthttp://purl.org/redcol/resource_type/WPEnergy transitionDirected technical changeGrowthIncome distributionLabor marketEconomíaFacultad de EconomíaPublicationTHUMBNAILdcede2022-11.jpgdcede2022-11.jpgimage/jpeg80880https://repositorio.uniandes.edu.co/bitstreams/a40f8091-ffa5-4b23-afcb-c03575223be4/download7d89c276fc21ca42e3e104907c9e20b3MD52dcede2022-11.pdf.jpgdcede2022-11.pdf.jpgIM Thumbnailimage/jpeg18974https://repositorio.uniandes.edu.co/bitstreams/022acf51-4b4d-4b2b-950d-861bba4f4721/downloadbb61e762a92e33f9208ebd58b7159092MD54TEXTdcede2022-11.pdf.txtdcede2022-11.pdf.txtExtracted texttext/plain95747https://repositorio.uniandes.edu.co/bitstreams/acc7079a-7fdb-45e9-a5f4-971fba2d9c76/download0c4d2dd48de84f0a801d1f73ee84ce4dMD53ORIGINALdcede2022-11.pdfdcede2022-11.pdfapplication/pdf8963985https://repositorio.uniandes.edu.co/bitstreams/ce6f2cb7-c365-443b-b087-5e7ba09b7205/download98981e5ae242f46c2936d189c849e29fMD511992/57221oai:repositorio.uniandes.edu.co:1992/572212024-06-04 15:51:09.231http://creativecommons.org/licenses/by-nc-nd/4.0/open.accesshttps://repositorio.uniandes.edu.coRepositorio institucional Sénecaadminrepositorio@uniandes.edu.co
dc.title.spa.fl_str_mv Go green or go home? Energy transition, directed technical change and wage inequalit
title Go green or go home? Energy transition, directed technical change and wage inequalit
spellingShingle Go green or go home? Energy transition, directed technical change and wage inequalit
Energy transition
Directed technical change
Growth
Income distribution
Labor market
Economía
title_short Go green or go home? Energy transition, directed technical change and wage inequalit
title_full Go green or go home? Energy transition, directed technical change and wage inequalit
title_fullStr Go green or go home? Energy transition, directed technical change and wage inequalit
title_full_unstemmed Go green or go home? Energy transition, directed technical change and wage inequalit
title_sort Go green or go home? Energy transition, directed technical change and wage inequalit
dc.creator.fl_str_mv Torres León, María Alejandra
dc.contributor.author.spa.fl_str_mv Torres León, María Alejandra
dc.subject.keyword.spa.fl_str_mv Energy transition
Directed technical change
Growth
Income distribution
Labor market
topic Energy transition
Directed technical change
Growth
Income distribution
Labor market
Economía
dc.subject.themes.spa.fl_str_mv Economía
description Códigos JEL: J24, O33, O44, Q43
publishDate 2022
dc.date.accessioned.none.fl_str_mv 2022-05-12T16:50:12Z
dc.date.available.none.fl_str_mv 2022-05-12T16:50:12Z
dc.date.issued.spa.fl_str_mv 2022-05
dc.type.spa.fl_str_mv Documento de trabajo
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dc.identifier.doi.none.fl_str_mv 10.57784/1992/57221
dc.identifier.instname.spa.fl_str_mv instname:Universidad de los Andes
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dc.language.iso.spa.fl_str_mv eng
language eng
dc.relation.ispartofseries.spa.fl_str_mv Documentos CEDE No. 11 Mayo de 2022
dc.relation.repec.spa.fl_str_mv https://ideas.repec.org/p/col/000089/020104.html
dc.rights.uri.*.fl_str_mv http://creativecommons.org/licenses/by-nc-nd/4.0/
dc.rights.accessrights.spa.fl_str_mv info:eu-repo/semantics/openAccess
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http://purl.org/coar/access_right/c_abf2
eu_rights_str_mv openAccess
dc.format.extent.spa.fl_str_mv 53 páginas
dc.format.mimetype.spa.fl_str_mv application/pdf
dc.publisher.spa.fl_str_mv Universidad de los Andes, Facultad de Economía, CEDE
dc.publisher.faculty.spa.fl_str_mv Facultad de Economía
institution Universidad de los Andes
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