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Who benefits from an oil boom? Evidence from a unique Alaskan data set
Resource and Energy Economics ( IF 3.553 ) Pub Date : 2020-08-26 , DOI: 10.1016/j.reseneeco.2020.101200
Mouhcine Guettabi , Alexander James

Oil booms have been shown to increase local employment and wages. But these effects reflect the aggregated experience of residents, commuters, and recent migrants alike. This paper takes advantage of a unique data set that identifies a rich set of labor market outcomes by place of residence, rather than by place of work. Exploiting this feature of the data, we examine the effect of a major oil boom on employment and wage outcomes in the North Slope Borough of Alaska. This analysis is juxtaposed with a more conventional one that uses place-of-work data collected from the Bureau of Economic Analysis. Using the Synthetic Control Method, we find that the oil boom of the late 2000s significantly increased non-residential employment. While the boom caused residential employment to shift from the public to the private sector, total residential employment was unaffected. There is weak evidence that residential wages increased in response to the boom. These results are important as drilling decisions are often negotiated locally by interest groups that might be less concerned with general equilibrium effects.



中文翻译:

谁从石油繁荣中受益?来自独特的阿拉斯加数据集的证据

石油繁荣已显示出可以增加当地就业和工资。但是这些影响反映了居民,通勤者和新移民的共同经验。本文利用了一个独特的数据集,该数据集通过居住地点而不是工作地点来识别丰富的劳动力市场结果。利用数据的这一特征,我们研究了一次重大石油繁荣对阿拉斯加北坡自治市镇就业和工资结果的影响。这种分析与使用从经济分析局收集的工作地点数据的更常规的分析并列。使用综合控制方法,我们发现2000年代后期的石油繁荣极大地增加了非居民就业。繁荣导致居民就业从公共部门转移到私营部门,住宅总就业不受影响。鲜有证据表明,居民住房的工资因经济繁荣而增加。这些结果非常重要,因为钻探决策通常是由可能不太关心一般均衡效应的利益集团在本地进行谈判的。

更新日期:2020-08-26
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