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

Kristen Monaco (), Taggert Brooks and John Bitzan
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John Bitzan: North Dakota State University, http://www.ndsu.nodak.edu/ndsu/bitzan/

Journal of Applied Economics, 2006, vol. 9, 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: C22 J3 L51 L92 (search for similar items in EconPapers)
Date: 2006
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:cem:jaecon:v:9:y:2006:n:1:p:105-118

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