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Estimating the Green Potential of Occupations: A New Approach Applied to the U.S. Labor Market

Rutzer, Christian and Niggli, Matthias and Weder, Rolf. (2020) Estimating the Green Potential of Occupations: A New Approach Applied to the U.S. Labor Market. WWZ Working Paper, 2020 (03). Basel.

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Abstract

This paper presents a new approach to estimate the green potential of occupations. Using data from O*NET on the skills that workers possess and the tasks they carry out, we train several machine learning algorithms to predict the green potential of U.S. occupations classified according to the 6-digit Standard Occupational Classication. Our methodology allows existing discrete classications of occupations to be extended to a continuum of classes. This improves the analysis of heterogeneous occupations in terms of their green potential. Our approach makes two contributions to the literature. First, as it more accurately ranks occupations in terms of their green potential, it leads to a better understanding of the extent to which a given workforce is prepared to cope with a transition to a green economy. Second, it allows for a more accurate analysis of differences between workforces across regions. We use U.S. occupational employment data to highlight both aspects.
Faculties and Departments:06 Faculty of Business and Economics
06 Faculty of Business and Economics > Departement Wirtschaftswissenschaften > Professuren Wirtschaftswissenschaften > Aussenwirtschaft und Europ. Integration (Weder)
12 Special Collections > WWZ Publications > WWZ Discussion Papers and Working Papers
UniBasel Contributors:Rutzer, Christian and Niggli, Matthias and Weder, Rolf
Item Type:Working Paper
Publisher:WWZ
Number of Pages:51
Note:Publication type according to Uni Basel Research Database: Discussion paper / Internet publication
Language:English
Identification Number:
  • handle: RePEc:bsl:wpaper:2020/03
Last Modified:03 Apr 2020 14:59
Deposited On:03 Apr 2020 14:59

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