Job Growth in Counties Targeted by the CHIPS and Science Act

The CHIPS and Science Act, passed in August 2022, committed the federal government to spending nearly $53 billion to revitalize domestic semiconductor production. While job creation was a central argument of the legislation's proponents, there has been limited assessment since its passage of whether the act delivered on employment promises. In Employment Impacts of the CHIPS Act (NBER Working Paper 34625), Bilge Erten, Joseph E. Stiglitz, and Eric Verhoogen use county-level data to provide empirical evidence on the short-term employment effects of this legislation.