Oil & gas induced economic fluctuations and self-employment

Bulent Unel and Gregory Upton

Labour Economics, 2023, vol. 82, issue C

Abstract: This paper exploits oil and gas activity generated by recent technological advancements to understand the effect of localized boom and busts on self-employment. We find a positive contemporaneous impact on self-employment, mainly driven by self-employment in non-mining industries. We also find that self-employment is pro-cyclical, meaning that self-employment increases during oil and gas booms and contracts during the bust. Finally, results suggest that self-employment explains an economically meaningful share of the employment adjustment; specifically we estimate that about 11% of the employment adjustment can be explained by self-employed workers, a group which makes up about 9% of total employment.

Keywords: Entrepreneurship; Oil and natural gas; Hydraulic fracturing; Incorporated self-employment; Unincorporated self-employment (search for similar items in EconPapers)
JEL-codes: J24 L26 M13 Q33 Q35 (search for similar items in EconPapers)
Date: 2023
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Working Paper: Oil & Gas Induced Economic Fluctuations and Self-Employment (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:labeco:v:82:y:2023:i:c:s0927537123000374

DOI: 10.1016/j.labeco.2023.102362

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