Local Labor Market Impacts of Energy Boom-Bust-Boom in Western Canada
AbstractThe direct and indirect impacts of energy sector boom and bust upon local labor markets are analyzed through the differential growth in employment and earnings between areas with and without energy resources. The estimated differentials attributed to each of these labor demand shocks show that the direct impacts upon the energy sector are large while the indirect impacts upon non-energy sectors are smaller. The significant results of the local job multipliers indicate that job creation in energy extraction also creates new jobs in local sectors during boom periods while displaying no significant job loss spillovers during a bust.
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Bibliographic InfoPaper provided by University of Alberta, Department of Economics in its series Working Papers with number 2010-17.
Length: 33 pages
Date of creation: 01 Nov 2010
Date of revision: 01 Mar 2011
boom and bust; energy; job multipliers; labor demand shocks; local labor markets;
Other versions of this item:
- Marchand, Joseph, 2012. "Local labor market impacts of energy boom-bust-boom in Western Canada," Journal of Urban Economics, Elsevier, vol. 71(1), pages 165-174.
- J20 - Labor and Demographic Economics - - Demand and Supply of Labor - - - General
- R23 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Regional Migration; Regional Labor Markets; Population
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-11-27 (All new papers)
- NEP-ENE-2010-11-27 (Energy Economics)
- NEP-LAB-2010-11-27 (Labour Economics)
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