Local Labor Market Impacts of Energy Boom-Bust-Boom in Western Canada
The impacts of energy price boom and bust are analyzed through the differential growth in employment and earnings between local labor markets with and without energy resources in Western Canada. The estimated differentials attributed to the boom-induced labor demand shocks show significant direct and indirect impacts on the earnings and employment within the energy extraction and other non-energy local sectors respectively. The local job multipliers indicate that job creation within the energy extraction sector leads to modest job creation within the non-energy local sectors during boom periods. For every ten energy extraction jobs created during a boom period, approximately three construction jobs, two retail jobs, and four and a half service jobs are created.
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| Length: | 33 pages |
| Date of creation: | 01 Nov 2010 |
| Date of revision: | 01 Mar 2011 |
| Handle: | RePEc:ris:albaec:2010_017 |
| Contact details of provider: | Postal: 8-14 HM Tory, Edmonton, Alberta, T6G 2H4 Phone: (780) 492-3406 Fax: (780) 492-3300 Web page: http://www.economics.ualberta.ca/ More information through EDIRC
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