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The effects of the EU Fit for 55 package on labour markets and the demand for skills

Author

Listed:
  • Francesca Borgonovi
  • Elisa Lanzi
  • Helke Seitz
  • Ruben Bibas
  • Jean Fouré
  • Hubert Plisiecki
  • Laura Atarody

Abstract

This paper quantifies changes in employment and the demand for skills in the European Union following the implementation of Fit for 55 policies. Between 2019 and 2030, the economy is projected to grow by 1.3% in the Fit for 55 scenario (3% in a Baseline scenario without the Fit for 55 policies). Employment growth is projected to be lower in the Fit for 55 than the Baseline scenario. Employment in the Fit for 55 scenario is projected to decrease by 3% for blue collar and farm workers (2% in the Baseline) and increase by 4 5% for other occupations (5-6% in the Baseline). The most demanded skills following the implementation of Fit for 55 will be those related to inter personal communication and the use of digital technologies, whereas the demand for skills related to the use of traditional tools and technologies is projected to decline. Anticipating changes in employment and the demand for skills as well as the socio-demographic profile of those most affected can facilitate the design of upskilling and reskilling efforts and promote the reallocation of workers across sectors and occupations.

Suggested Citation

  • Francesca Borgonovi & Elisa Lanzi & Helke Seitz & Ruben Bibas & Jean Fouré & Hubert Plisiecki & Laura Atarody, 2023. "The effects of the EU Fit for 55 package on labour markets and the demand for skills," OECD Social, Employment and Migration Working Papers 297, OECD Publishing.
    • Handle: RePEc:oec:elsaab:297-en
    DOI: 10.1787/6c16baac-en
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    Keywords

    climate mitigation; computable general equilibrium models; employment; skills;
    All these keywords.

    JEL classification:

    • C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J44 - Labor and Demographic Economics - - Particular Labor Markets - - - Professional Labor Markets and Occupations
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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