Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/306612 
Year of Publication: 
2024
Series/Report no.: 
Working Paper No. 980
Publisher: 
Queen Mary University of London, School of Economics and Finance, London
Abstract: 
This paper evaluates the aggregate impact of air pollution regulations introduced by the US Environmental Protection Agency in the early 2000s. We first provide regression evidence on the regulations' effects across industries and local labor markets. We then use these results to calibrate a quantitative model allowing for general equilibrium spillovers through trade, migration, industry switching, input-output linkages and emission externalities. Our model implies that regulations lowered emissions by 11.1%, but also destroyed between 228'000 and 267'000 jobs. Ignoring general equilibrium spillovers and naively extrapolating from our regressions overestimates job losses in polluting industries, but underestimates job losses in clean industries.
Subjects: 
Environmental Policy
Fine Particles
Clean Air Act
Employment
Trade
JEL: 
E24
Q50
Q53
Document Type: 
Working Paper

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