What remains after the oil boom is over? / Pavel Jelnov (Leibniz University Hannover and IZA) ; IZA Institute of Labor Economics
VerfasserJelnov, Pavel
KörperschaftForschungsinstitut zur Zukunft der Arbeit
ErschienenBonn, Germany : IZA Institute of Labor Economics, April 2019
Elektronische Ressource
Umfang1 Online-Ressource (14 Seiten) : Diagramme
SerieDiscussion paper ; no. 12324
 Das Dokument ist öffentlich zugänglich im Rahmen des deutschen Urheberrechts.
What remains after the oil boom is over? [0.24 mb]
Verfügbarkeit In meiner Bibliothek
Zusammenfassung (Englisch)

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 oilproducing areas immediately after the shock. This effect persists after the oil boom is over but longer for men than for women.