Investing in Care: A Strategy for Effective and Equitable Job Creation
AbstractMassive job losses in the United States, over eight million since the onset of the "Great Recession," call for job creation measures through fiscal expansion. In this paper we analyze the job creation potential of social service–delivery sectors-early childhood development and home-based health care-as compared to other proposed alternatives in infrastructure construction and energy. Our microsimulation results suggest that investing in the care sector creates more jobs in total, at double the rate of infrastructure investment. The second finding is that these jobs are more effective in reaching disadvantaged workers-those from poor households and with lower levels of educational attainment. Job creation in these sectors can easily be rolled out. States already have mechanisms and implementation capacity in place. All that is required is policy recalibration to allow funds to be channeled into sectors that deliver jobs both more efficiently and more equitably.
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Bibliographic InfoPaper provided by Levy Economics Institute in its series Economics Working Paper Archive with number wp_610.
Date of creation: Aug 2010
Date of revision:
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Web page: http://www.levyinstitute.org
Social Care; Job Creation; Fiscal Expansion; Distribution; Infrastructure;
Find related papers by JEL classification:
- D30 - Microeconomics - - Distribution - - - General
- E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy
- J48 - Labor and Demographic Economics - - Particular Labor Markets - - - Particular Labor Markets; Public Policy
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-08-21 (All new papers)
- NEP-CMP-2010-08-21 (Computational Economics)
- NEP-LAB-2010-08-21 (Labour Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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- Dimitri B. Papadimitriou & Greg Hannsgen & Michalis Nikiforos, 2013. "Is the Link between Output and Jobs Broken?," Economics Strategic Analysis Archive, Levy Economics Institute sa_mar_13, Levy Economics Institute.
- Kijong Kim & Rania Antonopoulos, 2011. "Unpaid and Paid Care: The Effects of Child Care and Elder Care on the Standard of Living," Economics Working Paper Archive, Levy Economics Institute wp_691, Levy Economics Institute.
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