NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Mark Curtis

Wake Forest University
Department of Economics
Winston-Salem, NC 27109

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Institutional Affiliation: Wake Forest University

NBER Working Papers and Publications

December 2014Who Loses Under Power Plant Cap-and-Trade Programs?
w20808
This paper tests how a major cap-and-trade program, known as the NOx Budget Trading Program (NBP), impacted labor markets in the regions where it was implemented. The cap-and-trade program dramatically decreased levels of NOx emissions and added substantial costs to energy producers. Using a triple-differences approach that takes advantage of the geographic and time variation of the program as well as variation in industry energy-intensity levels, I examine how employment dynamics changed in manufacturing industries whose production process requires high levels of energy. After accounting for a variety of flexible state, county and industry trends, I find that employment in the manufacturing sector dropped by 1.3% as a result of the NBP. Young workers experienced the largest employment dec...

Published: Who Loses under Cap-and-Trade Programs? The Labor Market Effects of the NOx Budget Trading Program E. Mark Curtis Posted Online March 02, 2018 https://doi.org/10.1162/REST_a_00680

 
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