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.:
- Ajit Zacharias & Thomas Masterson & Kijong Kim, 2009. "Distributional Impact of the American Recovery and Reinvestment Act-- A Microsimulation Approach," Economics Working Paper Archive wp_568, Levy Economics Institute.
- International Monetary Fund, 2010. "Deconstructing the International Business Cycle," IMF Working Papers 10/239, International Monetary Fund.
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- Dimitri B. Papadimitriou & Greg Hannsgen & Michalis Nikiforos, 2013. "Is the Link between Output and Jobs Broken?," Economics Strategic Analysis Archive sa_mar_13, Levy Economics Institute.
- Rania Antonopoulos, 2013. "Expanding Social Protection in Developing Countries: A Gender Perspective," Economics Working Paper Archive wp_757, Levy Economics Institute.
- Dimitri B. Papadimitriou & Greg Hannsgen & Gennaro Zezza, 2011. "Is the Recovery Sustainable?," Economics Strategic Analysis Archive sa_dec_11, Levy Economics Institute.
- Rania Antonopoulos, 2013. "From Safety Nets to Economic Empowerment: Is There Space to Promote Gender Equality in the Evolution of Social Protection?," Economics Public Policy Brief Archive ppb_128, Levy Economics Institute.
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