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What Remains After the Oil Boom Is Over?

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  • Pavel Jelnov

    (Leibniz University Hannover and IZA)

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 is significantly lower in the oil-producing than in other American areas immediately after the shock. This effect persists after the oil boom is over but longer for men than for women.

Suggested Citation

  • Pavel Jelnov, 2019. "What Remains After the Oil Boom Is Over?," Economics Bulletin, AccessEcon, vol. 39(2), pages 1327-1335.
    • Handle: RePEc:ebl:ecbull:eb-19-00034
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    References listed on IDEAS

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    More about this item

    Keywords

    marriage; gender; oil; persistence;
    All these keywords.

    JEL classification:

    • J1 - Labor and Demographic Economics - - Demographic Economics

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