Buchheim, Lukas; Watzinger, Martin; Wilhelm, Matthias - 2019
Do investment programs create more jobs in tight or in slack labor markets? We study this question using data from a … across space, we find that photovoltaic installations created at least twice as many jobs in slack than in tight labor … investment, capital-labor substitution, or regional migration. This leaves crowding-out as the most plausible mechanism. …