TY  - RPRT
        AU  - Rud, Juan Pablo
AU  - Simmons, Michael
AU  - Toews, Gerhard
AU  - Aragon, Fernando
        TI  - Job Displacement Costs of Phasing Out Coal
        PY  - 2022/Sep/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 15581
        UR  - https://www.iza.org/index.php/publications/dp15581
        AB  - 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 fell by 40% and earnings fell by 80% to 90% one year after job loss. These 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.
        KW  - energy transition
KW  - labor displacement
KW  - coal mines
        ER  -