About Me
Welcome! I am an Assistant Professor in the economics department at the University of Oklahoma specializing in energy economics, environmental economics, and law and economics. I am also an affiliated faculty member at the OU Institute for Public Policy Research and Analysis.
In my current work, I use applied empirical methods and causal inference to understand the effect of assigning liability for low probability, high severity events on firm precaution to prevent such events. To further this research agenda, I work with detailed administrative data on California’s electricity distribution infrastructure and tools from atmospheric science to develop a causal empirical framework relating a firm’s precaution to the level of liability it faces.
Research
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- Banner artwork provided courtesy National Gallery of Art, Washington. Calame, Alexandre. An Ancient Pine Forest with a Mountain Stream. 1847.
Working Papers
Can the Low-Carbon Transition Energize Labor Markets? Evidence from Wind Electricity Investments in the U.S.
with Olivier Deschênes
Most western countries have made commitments or enacted policies aiming to transform their economies to become carbon-neutral by 2050. Many of the proposed policies to reduce carbon emissions are also promoted as engines of job creation and local economic development. While low-carbon transition policies continue to be debated and proposed, none have been implemented for a long enough period of time to permit an empirical evaluation of their impact.
This paper uses the natural experiment provided by the rapid deployment of wind electricity projects in the United States over the period 2000-2019 to shed light on whether the low-carbon transition can deliver long-lasting and high-quality jobs. We compile detailed data on the location and operation date of 55,000 wind turbines, combined with county-level data on employment and earnings to estimate the impact of wind projects on employment rates and earnings. Our research design uses two-way fixed effects regression, stacked difference in differences (Cengiz et al. 2019), and the doubly robust estimator proposed by Callaway and Sant’Anna (2021). The empirical analysis points to a small, but durable positive effect of wind electricity investments on local labor market outcomes. Overall, the results suggest that the deployment of 100 GW of wind electricity production capacity over the last two decades created close to 150,000 jobs.
Publications
"The Impact of North American Winter Weather Regimes on Electricity Load in the Central United States", npj Climate and Atmospheric Science, 2024.
with Oliver T. Millin and Jason Furtado
"Causal Effects of Renewable Portfolio Standards on Renewable Investments and Generation: The Role of Heterogeneity and Dynamics", Resource and Energy Economics, 2023.
with Olivier Deschênes and Gavin McDonald
[Coverage: NBER Digest]
"Well setbacks limit California’s oil supply with larger health benefits and employment losses than excise and carbon taxes", Nature Energy, 2023.
with Ranjit Deshmukh, Paige Weber, Olivier Deschênes, David Lea, Kyle Meng, Danae Hernandez Cortes, Tia Kordell, Ruiwen Lee, Tracey Mangin, Measrainsey Meng, Sandy Sum, Vincent Thivierge, and Anagha Uppal
"Equitable Low-Carbon Transition Pathways for California’s Oil Extraction", Nature Energy, 2023.
with Ranjit Deshmukh, Paige Weber, Olivier Deschênes, David Lea, Kyle Meng, Danae Hernandez Cortes, Tia Kordell, Ruiwen Lee, Tracey Mangin, Measrainsey Meng, Sandy Sum, Vincent Thivierge, and Anagha Uppal
Selected Work in Progress
The Value of Electricity Transmission in Reducing Renewable Generation Uncertainty
Policy Work
PIs: Olivier Deschênes, Ranjit Deshmukh, David Lea, Kyle Meng, and Paige Weber
Contact Me
308 Cate Center Dr
Cate Center 1, Room 335
Norman, OK 73072
christopher.malloy@ou.edu
Twitter: @cmalloy_econ