Local labor market impacts of energy boom-bust-boom in Western Canada
Joseph Marchand ()
Journal of Urban Economics, 2012, vol. 71, issue 1, 165-174
The impacts of energy price boom and bust are analyzed through the differential growth in employment and earnings between local labor markets with and without energy resources in Western Canada. The estimated differentials attributed to the boom-induced labor demand shocks show significant direct and indirect impacts on the earnings and employment within the energy extraction and other non-energy local sectors respectively. The local job multipliers indicate that job creation within the energy extraction sector leads to modest job creation within the non-energy local sectors during boom periods. For every ten energy extraction jobs created during a boom period, approximately three construction jobs, two retail jobs, and four and a half service jobs are created.
Keywords: Boom and bust; Energy; Job multipliers; Labor demand shocks; Local labor markets (search for similar items in EconPapers)
JEL-codes: J23 Q33 R23 (search for similar items in EconPapers)
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Working Paper: Local Labor Market Impacts of Energy Boom-Bust-Boom in Western Canada (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:juecon:v:71:y:2012:i:1:p:165-174
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