| Tekijä: | Keane, M. Prasad, E. |
| Otsikko: | The employment and wage effects of oil price changes: a sectoral analysis |
| Lehti: | Review of Economics and Statistics
1996 : AUG, VOL. 78:3, p. 389-400 |
| Asiasana: | EMPLOYMENT OIL PRICES CHANGE |
| Kieli: | eng |
| Tiivistelmä: | In this paper, the authors use micro panel data to examine the effects of oil price changes on employment and real wages, at the aggregate and industry levels. Theya also measure differences in the employment and wage responses for workers differentiated on the basis of skill level. They find that oil price increases result in a substantial decline in real wages for all workers, but raise the relative wage of skilled workers. The us of panel data econometric techniques to control for unobserved heterogeneity is essential. |
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