Abstract
This thesis analyzes the effect of technical expenditures on the demand for labor in the oil and gas extraction industry. This analysis was done using a fixed-effect regression model. The findings suggest that increases in technological expenditures have an adverse effect on wages for laborers employed within the industry. The broader implications are increased technologies expenditures increase the wages for employees of higher skill, but negatively affect wages of those with lesser human capital stock.
Advisor
Mellizo, Philip
Department
Economics
Recommended Citation
Mays, Michael L., "Innovation Through Technical Change: The Differential Effects Technology Expenditures Have on the Wages of Employees Within the Oil and Gas Industry" (2016). Senior Independent Study Theses. Paper 7061.
https://openworks.wooster.edu/independentstudy/7061
Disciplines
Labor Economics
Keywords
technical change, oil and gas, differential effects on wages, subsitution/scale effects, technological expenditures, wages
Publication Date
2016
Degree Granted
Bachelor of Arts
Document Type
Senior Independent Study Thesis
© Copyright 2016 Michael L. Mays