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Title: Oil discoveries and economic development in the US, 1880 to 1910

Citation Type: Working Paper

Publication Year: 2011

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Abstract: This paper examines the economic consequences of the US oil boom from 1880 to 1910. I combine information on oil discoveries with US census data and investigate the effects on various indicators of development. Evidence from OLS and IV-estimates indicate that oil discoveries (a) increased urbanization, (b) drew more (male) workers into mining and manufacturing, away from agriculture, (c) improved the economic situation of men and women and (d) improved the education of men and women. Effects are generally weaker for women, which supports the idea that changes in employment opportunities were the main driver of these changes.

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Authors: Braakmann, Nils

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Publication Number: 2011/07

Institution: Newcastle University Business School

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Data Collections: IPUMS USA

Topics: Labor Force and Occupational Structure, Other

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