Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/172233 
Year of Publication: 
2016
Series/Report no.: 
Upjohn Institute Working Paper No. 17-271
Publisher: 
W.E. Upjohn Institute for Employment Research, Kalamazoo, MI
Abstract: 
This paper presents evidence on the distributional effects of energy extraction by examining the recent U.S. energy boom. The boom increased local wage rates in almost every major occupational category. The increase occurred regardless of whether the occupation experienced a corresponding change in employment, suggesting a more competitive labor market that benefited local workers. Local housing values and rental prices both increased, thereby benefiting landowners. For renters, the increase in prices was completely offset by a contemporaneous increase in income. The results indicate that bans on drilling have negative monetary consequences for a large share of local residents.
Subjects: 
oil
natural gas
hydraulic fracturing
fracking
resource extraction
labor market effects
resource curse
Dutch disease
wage rates
housing values
rental prices
JEL: 
J23
Q33
R31
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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