작성자 : 라키스 작성일 : 2022-06-29 11:05:01 조회수 : 906
국가 : 에콰도르 언어 : 영어
출처 : EMERICS
발행일 : 2022-06-17
원문링크 : https://www.emerics.org:446/researchDetail.es?systemcode=06&mid=a10300000000&brdctsNo=331086&search;_option=&search;_keyword=&search;_researchdivcode=&search;_brdctsdivcode=&search;_year=&search;_month=&search;_tagkeyword=&systemcode=06&search;_region=&se

To assess the effects of an oil price bust on individual labor market outcomes, we leverage the 2015 exogenous decline in international oil prices with geographical variation in oil-dependency in Ecuador. To account for propagation mechanisms, we also test the causal effect of the oil price bust on public transfers to local autonomous governments. Reduced form results suggest a moderate oil price pass-through channel on wages and nonlabor earnings but not on labor supply and participation. Public transfers play an amplification role, as a one percentage point decrease in these funds implies workers in oil-dependent areas to experience a wage reduction of 1.5%. Spillover effects to nonextractive industries, with reduced economic activity at the firm level, seem to be the transmission channels explaining the drop in individual earnings during the oil price bust. 

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