
The reduction of carbon emissions will require a rapid phasing out of coal and the displacement of millions of coal miners. How much could this energy transition cost mining workers? We use the dramatic collapse of the UK coal industry to estimate the long-term impact on displaced miners. We find evidence of substantial losses: wages fall by 40% and earnings fall by 80% to 90% one year after job loss. The losses are persistent and remain significantly depressed fifteen years later, amounting to present discounted value earnings losses of between four and six times the miners pre-displacement earnings.
Economics, Großbritannien, O4, coal mines, Mining, miners, loss of earnings, Bergleute, J30, Nationalekonomi, Verdienstausfall, Old industrial region, labor displacement, ddc:330, Kohlenbergbau, Great Britain, Displacement, energy transition, Alte Industrieregion, Kündigung, Earnings, Unemployment, dismissal, J63, J64, coal mining
Economics, Großbritannien, O4, coal mines, Mining, miners, loss of earnings, Bergleute, J30, Nationalekonomi, Verdienstausfall, Old industrial region, labor displacement, ddc:330, Kohlenbergbau, Great Britain, Displacement, energy transition, Alte Industrieregion, Kündigung, Earnings, Unemployment, dismissal, J63, J64, coal mining
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