Local Labor Market Impacts of Energy Boom-Bust-Boom in Western Canada
The 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.
|Date of creation:||01 Nov 2010|
|Date of revision:||01 Mar 2011|
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