Deregulation and the Labor Market

James Peoples

Journal of Economic Perspectives, 1998, vol. 12, issue 3, 111-130

Abstract: This 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.

JEL-codes: J21 J31 J51 L51 L90 (search for similar items in EconPapers)
Date: 1998
Note: DOI: 10.1257/jep.12.3.111
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Citations: View citations in EconPapers (54)

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