What Remains after the Oil Boom Is Over?

Pavel Jelnov

No 12324, IZA Discussion Papers from Institute of Labor Economics (IZA)

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 decreases in the American oil-producing areas immediately after the shock. This effect persists after the oil boom is over but longer for men than for women.

Keywords: age of marriage; oil (search for similar items in EconPapers)
JEL-codes: J12 (search for similar items in EconPapers)
Pages: 16 pages
Date: 2019-04
New Economics Papers: this item is included in nep-ene
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Published - published in: Economics Bulletin, 2019, 39 (2), 1327-1335

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Journal Article: What Remains After the Oil Boom Is Over? (2019)
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