Abstract

We analyze the effects of shale oil development on regional labor markets. By exploiting the exogenous geographic endowment of shale oil and gas, we find that shale endowments have differential impacts on workers in and out of the labor market. After introducing new shale technologies in 2006, shale oil and gas significantly increased the local share of high school graduates participating in the labor force. Yet, shale endowments decreased the percentage of nonworking college graduates who do not participate in the labor force. Our results suggest that shale oil and gas could increase the demand for high school graduates but create disamenities for college graduates who are not in the labor force.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.