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.
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.
technical change, oil and gas, differential effects on wages, subsitution/scale effects, technological expenditures, wages
Bachelor of Arts
Senior Independent Study Thesis
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