No. 747 - The employment activated by the National Recovery and Resilience Plan and its characteristics

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by Gaetano Basso, Luigi Guiso, Matteo Paradisi and Andrea PetrellaFebruary 2023

The paper aims to quantify the additional employment generated by the National Recovery and Resilience Plan. It also describes the main characteristics of labour demand, providing some considerations on the potential difficulties in recruiting the workforce necessary to put in place the projects of the NRRP.

It is estimated that in 2024, the year of the greatest increment allocated to spending, the Plan will generate around 300,000 additional jobs (1.7 per cent of employees in 2019). The increase in employment is expected to be greater in construction, but also to affect other smaller and hi-tech sectors. Finally, the additional demand is estimated to be relatively higher in sectors that employ highly qualified personnel, whose recruitment could be more difficult.

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