Beyond Job Guarantee: the Employer of Last Resort Scheme as a tool to promote the Environmental Transformation
The current health and economic crisis has revived the debate on fiscal policy as a major tool for stabilization and long-term goals. The massive surge in unemployment, due to the economic disruption of the lockdown measures, has increased the interest on policies that target employment directly ins...
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Format: | article |
Language: | spa |
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2021
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Online Access: | https://estudioseconomicos.bce.fin.ec/index.php/RevistaCE/article/view/347 |
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_version_ | 1838205147257241600 |
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author | Toshiro, Giuliano |
author2 | Ruggeri, Francesco |
author2_role | author |
author_facet | Toshiro, Giuliano Ruggeri, Francesco |
author_role | author |
collection | Revista Cuestiones Económicas |
dc.creator.none.fl_str_mv | Toshiro, Giuliano Ruggeri, Francesco |
dc.date.none.fl_str_mv | 2021-11-22 |
dc.format.none.fl_str_mv | application/pdf |
dc.identifier.none.fl_str_mv | https://estudioseconomicos.bce.fin.ec/index.php/RevistaCE/article/view/347 10.47550/RCE/MEM/31.26 |
dc.language.none.fl_str_mv | spa |
dc.publisher.none.fl_str_mv | Banco Central del Ecuador |
dc.relation.none.fl_str_mv | https://estudioseconomicos.bce.fin.ec/index.php/RevistaCE/article/view/347/247 |
dc.rights.none.fl_str_mv | info:eu-repo/semantics/openAccess |
dc.source.none.fl_str_mv | Cuestiones Económicas; Vol. 31 Núm. 3 (2021): Edición Especial: Memorias IV Encuentro Internacional de Economía EPN; Autores: Giuliano Toshiro y Francesco Ruggeri 2697-3367 2697-3367 reponame:Revista Cuestiones Económicas instname:Banco Central del Ecuador instacron:BCE |
dc.subject.none.fl_str_mv | Stock-Flow Consistent Models Job Guarantee Plan Structural Change Energy |
dc.title.none.fl_str_mv | Beyond Job Guarantee: the Employer of Last Resort Scheme as a tool to promote the Environmental Transformation Más allá de la garantía laboral: el Plan Empleador de Último Recurso como herramienta para promover la Transformación Ambiental |
dc.type.none.fl_str_mv | info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Artículos de Investigación |
description | The current health and economic crisis has revived the debate on fiscal policy as a major tool for stabilization and long-term goals. The massive surge in unemployment, due to the economic disruption of the lockdown measures, has increased the interest on policies that target employment directly instead of trying to achieve it via a general “demand push”. One of the proposals currently under debate is the Job Guarantee. Under such a policy the government should act as an ‘Employer of Last Resort”, by offering a job to everyone that is able and wants to work and cannot find a job in the private sector. The wage paid in these programs should become the minimum wage in the labour market. Over the years, this policy proposal has received a number of criticism, in particular on i) the impact on both the government budget and debt ii) the prevailing full-employment equilibrium wage rate once the program is implemented and iii) the implication on the external balances (current and trade account), especially when this policy is implemented in a small, open economy. |
eu_rights_str_mv | openAccess |
format | article |
id | REVCUESTEC_b8322a743a809d6b4ad0c0c52761ba8f |
identifier_str_mv | 10.47550/RCE/MEM/31.26 |
instacron_str | BCE |
institution | BCE |
instname_str | Banco Central del Ecuador |
language | spa |
network_acronym_str | REVCUESTEC |
network_name_str | Revista Cuestiones Económicas |
oai_identifier_str | oai:estudioseconomicos.bce.fin.ec:article/347 |
publishDate | 2021 |
publisher.none.fl_str_mv | Banco Central del Ecuador |
reponame_str | Revista Cuestiones Económicas |
repository.mail.fl_str_mv | |
repository.name.fl_str_mv | Revista Cuestiones Económicas - Banco Central del Ecuador |
repository_id_str | |
spelling | Beyond Job Guarantee: the Employer of Last Resort Scheme as a tool to promote the Environmental TransformationMás allá de la garantía laboral: el Plan Empleador de Último Recurso como herramienta para promover la Transformación Ambiental Toshiro, Giuliano Ruggeri, FrancescoStock-Flow Consistent ModelsJob Guarantee PlanStructural ChangeEnergyThe current health and economic crisis has revived the debate on fiscal policy as a major tool for stabilization and long-term goals. The massive surge in unemployment, due to the economic disruption of the lockdown measures, has increased the interest on policies that target employment directly instead of trying to achieve it via a general “demand push”. One of the proposals currently under debate is the Job Guarantee. Under such a policy the government should act as an ‘Employer of Last Resort”, by offering a job to everyone that is able and wants to work and cannot find a job in the private sector. The wage paid in these programs should become the minimum wage in the labour market. Over the years, this policy proposal has received a number of criticism, in particular on i) the impact on both the government budget and debt ii) the prevailing full-employment equilibrium wage rate once the program is implemented and iii) the implication on the external balances (current and trade account), especially when this policy is implemented in a small, open economy.Banco Central del Ecuador2021-11-22info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionArtículos de Investigaciónapplication/pdfhttps://estudioseconomicos.bce.fin.ec/index.php/RevistaCE/article/view/34710.47550/RCE/MEM/31.26Cuestiones Económicas; Vol. 31 Núm. 3 (2021): Edición Especial: Memorias IV Encuentro Internacional de Economía EPN; Autores: Giuliano Toshiro y Francesco Ruggeri2697-33672697-3367reponame:Revista Cuestiones Económicasinstname:Banco Central del Ecuadorinstacron:BCEspahttps://estudioseconomicos.bce.fin.ec/index.php/RevistaCE/article/view/347/247info:eu-repo/semantics/openAccess2021-11-26T18:28:56Zoai:estudioseconomicos.bce.fin.ec:article/347Portal de revistashttps://estudioseconomicos.bce.fin.ec/index.php/RevistaCEOrganismo de gobiernowww.bce.fin.echttps://estudioseconomicos.bce.fin.ec/index.php/RevistaCE/oaiEcuadoropendoar:2021-11-26T18:28:56falsePortal de revistashttps://estudioseconomicos.bce.fin.ec/index.php/RevistaCEOrganismo de gobiernowww.bce.fin.echttps://estudioseconomicos.bce.fin.ec/index.php/RevistaCE/oaiEcuadoropendoar:2021-11-26T18:28:56Revista Cuestiones Económicas - Banco Central del Ecuadorfalse |
spellingShingle | Beyond Job Guarantee: the Employer of Last Resort Scheme as a tool to promote the Environmental Transformation Toshiro, Giuliano Stock-Flow Consistent Models Job Guarantee Plan Structural Change Energy |
status_str | publishedVersion |
title | Beyond Job Guarantee: the Employer of Last Resort Scheme as a tool to promote the Environmental Transformation |
title_full | Beyond Job Guarantee: the Employer of Last Resort Scheme as a tool to promote the Environmental Transformation |
title_fullStr | Beyond Job Guarantee: the Employer of Last Resort Scheme as a tool to promote the Environmental Transformation |
title_full_unstemmed | Beyond Job Guarantee: the Employer of Last Resort Scheme as a tool to promote the Environmental Transformation |
title_short | Beyond Job Guarantee: the Employer of Last Resort Scheme as a tool to promote the Environmental Transformation |
title_sort | Beyond Job Guarantee: the Employer of Last Resort Scheme as a tool to promote the Environmental Transformation |
topic | Stock-Flow Consistent Models Job Guarantee Plan Structural Change Energy |
url | https://estudioseconomicos.bce.fin.ec/index.php/RevistaCE/article/view/347 |