Local labor market impacts of energy boom-bust-boom in Western Canada

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 an...

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Bibliographic Details
Published inJournal of urban economics Vol. 71; no. 1; pp. 165 - 174
Main Author Marchand, Joseph
Format Journal Article
LanguageEnglish
Published New York Elsevier Inc 2012
Elsevier BV
Subjects
Boom and bust
Canada
Economic activity
Economic decline
Employment
Energy
Energy industry
Energy prices
Impact analysis
Job creation
Job multipliers
Job vacancies
Labor demand shocks
Labor market
Labour market
Local labor markets
Studies
Canada
Q33
R23
Boom and bust
Job multipliers
Energy
Local labor markets
J23
Labor demand shocks
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Summary: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.
Bibliography:ObjectType-Article-2
SourceType-Scholarly Journals-1
ObjectType-Feature-1
content type line 23
ISSN:0094-1190
1095-9068
DOI:10.1016/j.jue.2011.06.001