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• W1797045304 abstract "We find that oil price shocks decrease average wages, particularly skilled wages, and increase wage dispersion across regions, particularly unskilled wage dispersion. In a model with spatial energy intensity differences and nontradables, labor demand shifts, while explaining the response of average wages to oil price shocks, have counterfactual implications for the response of wage dispersion. Only an additional response in labor supply can explain this latter fact highlighting the importance of general equilibrium effects in a spatial context. We provide additional empirical evidence of regionally directed worker reallocation consistent with our spatial model." @default.
• W1797045304 created "2016-06-24" @default.
• W1797045304 creator A5048432858 @default.
• W1797045304 creator A5058796774 @default.
• W1797045304 date "2013-01-01" @default.
• W1797045304 modified "2023-09-27" @default.
• W1797045304 title "Disentangling Labor Supply and Demand Shocks Using Spatial Wage Dispersion: The Case of Oil Price Shocks" @default.
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• W1797045304 doi "https://doi.org/10.2139/ssrn.2384699" @default.
• W1797045304 hasPublicationYear "2013" @default.
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