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What Remains after the Oil Boom Is Over?

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  • Jelnov, Pavel

    (Leibniz University of Hannover and Yezreel Valley College)

Abstract

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 marital status at early twenties for women and at mid and late twenties for men. The probability to be never-married decreases in the American oil-producing areas immediately after the shock. This effect persists after the oil boom is over but longer for men than for women.

Suggested Citation

  • Jelnov, Pavel, 2019. "What Remains after the Oil Boom Is Over?," IZA Discussion Papers 12324, Institute of Labor Economics (IZA).
    • Handle: RePEc:iza:izadps:dp12324
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    More about this item

    Keywords

    age of marriage; oil;

    JEL classification:

    • J12 - Labor and Demographic Economics - - Demographic Economics - - - Marriage; Marital Dissolution; Family Structure

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