376. BCA challenges: jobs
Here is the third video extract from my workshop called “Benefit-Cost Analysis: Traps, Challenges and Best Practice” presented on 7 February 2022, as part of the Australasian Agricultural and Resource Economics Society Annual Conference. It is about how to account for job creation resulting from the project you are evaluating using BCA. Should jobs count as a benefit, and if so how and how much?
In this extract from the workshop, I look at various options and perspectives on the inclusion of job creation as a benefit. The options range from assuming that the benefits are zero to counting the salaries paid as the benefits. In the end, I suggest that including a small benefit from job creation is likely to be reasonable in many cases. The benefits are probably much less than governments generally assume, but they are unlikely to be zero.
Like all of the presentations in this series, it draws on my 12-week online micro-credential course on Applied BCA. It is about 15 minutes long.
Brief introductory course on BCA
If you are new to BCA, here is a very introductory course, in 10 videos totalling 1 hour 14 minutes.
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