Horizontal drilling innovations revolutionized the U.S. oil and gas industry and facilitated a boom in production in the mid‐2000s in regions with shale and tight‐sands reservoirs. This paper examines the effects of the boom on individual employment and earnings within boom states. We account for endogenous migration decisions by using a novel instrument for oil and gas production in workers' state of residence. We find statistically significant and economically meaningful positive effects of the oil and gas boom for long‐term resident workers, those who were born in and reside in their home state.

中文翻译：

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压裂热潮对长期居民工人的因果影响

水平钻井创新彻底改变了美国石油和天然气行业，并在2000年代中期促进了页岩和密砂储层地区的生产繁荣。本文研究了繁荣对繁荣国家内个人就业和收入的影响。我们通过使用一种新颖的工具在工人居住国的油气生产中解释内生性迁移决策。我们发现，油气繁荣对长期居民工人（出生和居住在本州的工人）具有统计学意义和经济意义的积极影响。