Impact of the Bakken Oil Boom on Employment and Wages in North Dakota

Authors

Cody M. Brandt, Minnesota State University MoorheadFollow

Abstract

A difference-in-difference methodology is used to examine the impact of the 2008 oil boom on employment and wages in North Dakota. Finding show an 8.68 percent increase in employment and 4.85 percent increase in wages in counties producing Bakken oil relative to the rest of North Dakota. In addition, a modified Difference- in-Difference is used to examine the rate of growth in employment and wages. Results show a 0.271 percent increase in quarterly job growth in Bakken oil producing counties relative to the rest of North Dakota. No significant impact is observed in the growth of wages.

Recommended Citation

Brandt, Cody M. (2013) "Impact of the Bakken Oil Boom on Employment and Wages in North Dakota," Undergraduate Economic Review: Vol. 10: Iss. 1, Article 12.
Available at: https://digitalcommons.iwu.edu/uer/vol10/iss1/12