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This paper examines local labor market outcomes from an oil and gas boom in Texas. We examine two main outcomes across gender, race, and ethnicity: the probability of employment in the oil and gas industry and the log wages of workers employed outside the oil and gas industry. We find that men...
Persistent link: https://www.econbiz.de/10012015844
-2020, we find for manufacturing establishments a gas price elasticity of labor demand of -0.02, likely reflecting a scale … effect. We also show that a rise in the gas price leads to an increase in establishment closure. A negative impact of the gas … price on wages of 2 percent is consistent with rent-sharing. …
Persistent link: https://www.econbiz.de/10014247013
relations ; Iranian economy ; oil price ; foreign output shocks ; error correcting relations …
Persistent link: https://www.econbiz.de/10003909263
This paper links between Beckerian literature that shows that marriage is a normal good with respect to male income and the literature that explores cultural changes as a result of exogenous events. I use the oil crisis of the 1970s as a positive shock on some males. The analyzed outcome is...
Persistent link: https://www.econbiz.de/10012005460
The United States experienced a considerable increase in oil and natural gas extraction in recent years due to technological advancements including horizontal drilling and hydraulic fracturing. Increased energy development likely creates both benefits and costs, but the net effects for local...
Persistent link: https://www.econbiz.de/10011455295
This paper investigates the impact of oil price variations on sectoral inflation for a sample of 10 top oil importing … and exporting countries. Specifically, we analyze the effects of oil prices on the consumer price index using monthly data … price on inflation tends to change across sectors and countries. Second, the inflationary effects of variations in oil …
Persistent link: https://www.econbiz.de/10014454468
activity for most countries in our sample. Notably, our research unveils a substantial heterogeneity in the oil price …
Persistent link: https://www.econbiz.de/10014527191
This paper takes advantage of a natural experiment to examine the relationship between the price and saliency of health …
Persistent link: https://www.econbiz.de/10012314696
Recent research conclude that the GCC economies have failed to address the oil curse. They are far behind other countries, especially those in the G7, which possess huge reserves of oil wealth but have undertaken economic diversification to correct the ill-effects of an oil curse. This paper...
Persistent link: https://www.econbiz.de/10010252644
Venezuela), plus Indonesia which is a former member, and Mexico and Norway, which are members of the OECD. Overall, the test … OPEC members, which lie in the range of 45 to 125 years. For Indonesia, whose share of oil income in GDP has been declining …
Persistent link: https://www.econbiz.de/10009535794