Evaluating the Social Cost of Job Creation
AbstractThe paper discusses the principal labour market distortions and their effects on the social cost of jobs created in industrial projects. Two alternative approaches – a partial and a general equilibrium analysis - have been put forth in a systematic way to estimate the social cost of job creation. The general equilibrium analysis provides a dynamic analysis, allowing for labour migration between regions and the multiplier effects of job creation projects on the project region. The paper also presents two case studies -- a coal project in northeast British Columbia and a newsprint mill project in Quebec -- to demonstrate how economic theory can be applied to the practical evaluation of industrial projects.
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Bibliographic InfoPaper provided by JDI Executive Programs in its series Development Discussion Papers with number 1991-12.
Length: 16 pages
Date of creation: Apr 1997
Date of revision:
multiplier effects; job creation; supply price; induced migrants; social cost; unemployment insurance benefit;
Find related papers by JEL classification:
- D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
- H43 - Public Economics - - Publicly Provided Goods - - - Project Evaluation; Social Discount Rate
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.:
- Glenn P. Jenkins & Chun-Yan Kuo, 1978. "On Measuring the Social Opportunity Cost of Permanent and Temporary Employment," Canadian Journal of Economics, Canadian Economics Association, vol. 11(2), pages 220-39, May.
- Glenn Jenkins & JOHN EVANS, 1977. "Measurement Of The Foreign Exchange And Sales Tax Externality On The Value Added Of Labour," Development Discussion Papers 1977-02, JDI Executive Programs.
- Grady, Patrick & Muller, R. Andrew, 1986. "On The Use and Misuse of Input-Output Based Impact Analysis in Evaluation," MPRA Paper 22063, University Library of Munich, Germany.
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