RT Journal Article
SR Electronic
T1 Boom Town Business Dynamics
JF Journal of Human Resources
JO J Hum Resour
FD University of Wisconsin Press
SP 0221-11501R1
DO 10.3368/jhr.0221-11501R1
A1 Decker, Ryan A.
A1 Meagan, McCollum
A1 Upton, Gregory B.
YR 2022
UL http://jhr.uwpress.org/content/early/2022/01/05/jhr.0221-11501R1.abstract
AB The U.S. shale oil and gas boom provides a unique opportunity to study economic growth in a “boom town” environment, derive insights about labor market expansions more generally, and identify the causal effects of economic growth on specific margins of business adjustment. Creation of new establishments—separate from expansion of existing establishments—accounts for a disproportionate share of the multi-industry employment growth sparked by the shale boom, an intuitive but not inevitable empirical result that is consistent with models of firm dynamics. New firms, in particular, contribute nearly half of the cumulative employment growth resulting from the shale boom.