UW-Madison UW-Madison

Resource Booms Leave Regions Worse Off Once They Fade Out

Communities that enjoy well-paid jobs and low unemployment during a natural resources boom need to plan carefully for the serious economic hardships that will follow the inevitable bust. That is the key lesson from new research by Grant Jacobsen and Dominic Parker, which looks at what happened to ‘boomtowns’ in the American West during the oil drilling boom-bust cycle of the 1970s and 1980s.

State Economy Faces Trouble

With relatively few college-educated people moving here and an economy that is generating large numbers of lower-skill jobs, Wisconsin faces a challenging future, researchers at the University of Wisconsin Extension and UW-Madison argue in a new report.
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Applied Economics Workshop
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