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What Remains After the Oil Boom Is Over?

Pavel Jelnov ()

Economics Bulletin, 2019, vol. 39, issue 2, 1327-1335

Abstract: This paper links between Beckerian literature that shows that marriage is a normal good with respect to male income and the literature that explores cultural changes as a result of exogenous events. I use the oil crisis of the 1970s as a positive shock on some males. The analyzed outcome is marital status at early twenties for women and at mid and late twenties for men. The probability to be never-married is significantly lower in the oil-producing than in other American areas immediately after the shock. This effect persists after the oil boom is over but longer for men than for women.

Keywords: marriage; gender; oil; persistence (search for similar items in EconPapers)
JEL-codes: J1 (search for similar items in EconPapers)
Date: 2019-05-31
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