Deregulation and the Labor Market
AbstractThis paper examines the earnings and employment effect of deregulation in the trucking, railroad, airlines, and telecommunications industries. Findings on nonmanagement workers suggest labor earnings fell sharply in trucking, somewhat in airlines, slightly in telecommunications, and barely in railroads. In contrast, the work force size dramatically increased in trucking and airlines, held steady in telecommunications, and fell dramatically in railroads. The earnings patterns of managers mirrors that of their highly unionized work force. These findings are interpreted as evidence that rent-sharing was not unique to union workers in these industries.
CitationPeoples, James. 1998. "Deregulation and the Labor Market." Journal of Economic Perspectives, 12 (3): 111-130. DOI: 10.1257/jep.12.3.111
- L51 Economics of Regulation
- J21 Labor Force and Employment, Size, and Structure
- J31 Wage Level and Structure; Wage Differentials
- J51 Trade Unions: Objectives, Structure, and Effects
- L90 Industry Studies: Transportation and Utilities: General