Asset Ownership, Windfalls, and Income: Evidence from Oil and Gas Royalties
نویسندگان
چکیده
منابع مشابه
Asset Ownership, Windfalls, and Income: Evidence from Oil and Gas Royalties
The recent oil and gas production boom in the contiguous United States generated tens of billions in additional royalty income for owners of oil and gas rights. We use the royalty income shock to study the local multiplier effect of unanticipated income and find that each royalty dollar received by county residents created an additional $0.50 in local income, mostly through greater wage income....
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ژورنال
عنوان ژورنال: The Federal Reserve Bank of Kansas City Research Working Papers
سال: 2016
ISSN: 1936-5330
DOI: 10.18651/rwp2016-12