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Autoren: 
Buchheim, Lukas
Watzinger, Martin
Datum: 
2017
Reihe/Nr.: 
CESifo Working Paper 6383
Zusammenfassung: 
We estimate the causal impact of a sizable German infrastructure investment program on employment at the county level. The program focused on improving the energy efficiency of school buildings, making it possible to use the number of schools as an instrument for investments. We find that the program was effective, creating one job for one year for each €25’000 of investments. The employment gains reached their peak after nine months and dropped to zero quickly after the program’s completion. The reductions in unemployment amounted to two-thirds of the job creation, and employment grew predominately in the construction and non-tradable industries.
Schlagwörter: 
infrastructure investments
job creation
employment dynamics
countercyclical fiscal policy
JEL: 
E24
E62
H72
J23
Dokumentart: 
Working Paper

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