Energy Transitions and Household Finance: Evidence from U.S. Coal Mining
研究了2010-2020年美国煤炭行业衰退对产煤县家庭就业、工资、迁移和住房所有权的影响，发现经济流动性和银行服务可及性可缓解冲击，为气候转型中的金融作用提供证据。
Abstract Between 2010 and 2020, the U.S. coal industry experienced a 50% drop in production, employment, and active mines, driven by regulatory factors and technological innovation in alternative energy sources. We study the impact of this energy transition on household employment, wages, migration, and home ownership in affected communities. Compared to non-coal-producing, resource-rich counties, coal-producing counties experience 6% and 4% drops in employment and wages, respectively, during this period. Economic mobility and access to banking services significantly moderate these real effects, suggesting a potential role for finance to shape the industrial and economic changes associated with climate transitions. Authors have furnished an Internet Appendix, which is available on the Oxford University Press Web site next to the link to the final published paper online.