A time series analysis of wages in deregulated industries: A study of motor carriage and rail

Kristen Monaco (), Taggert J. Brooks and John Bitzan
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Taggert J. Brooks: University of Wisconsin, La Crosse
John Bitzan: North Dakota State University, http://www.ndsu.edu

Journal of Applied Economics, 2006, vol. IX, pages 105-118

Abstract: Using time series techniques, we contrast the impact of deregulation in trucking and rail labor markets. During regulation both labor markets were characterized by wages considerab y higher than manufacturing wages. In fact, trucking and rail wages had a stable, deterministic relationship prior to deregulation. After deregulation, however, the mean trucking wages fell considerably, approaching manufacturing wages, while rail wages remained relatively constant. We also find that deregulation’s negative impact on trucking wages was nondiscrete and occurred primarily between 1980 and 1984.

Keywords: deregulation; trucking; rail (search for similar items in EconPapers)
JEL-codes: J3 L92 L51 C22 (search for similar items in EconPapers)
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