The employment impacts of the transition to a post-carbon economy are gaining increasing attention. The post … renewables will also require significant capital investments in new facilities, possibly further fostering employment …. Understanding the overall net effects on employment (i.e. job gains vs. job losses) would help inform transition policies in order …

associated with it. In particular, we distinguish between employment, hours and effort per worker, and allow for adjustment costs … associated with employment changes. We assume that the requirement function for effective hours has a general trans …-logarithmic form, and derive an estimable system of Euler equations for inventories and employment with implied cross …