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.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by American Economic Association in its journal Journal of Economic Perspectives.
Volume (Year): 12 (1998)
Issue (Month): 3 (Summer)
Find related papers by JEL classification:
- L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
- J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
- J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
- J51 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Trade Unions: Objectives, Structure, and Effects
- L90 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - General
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- David Card, 1985.
"The Impact of Deregulation on the Employment and Wages of Airline Mechanics,"
570, Princeton University, Department of Economics, Industrial Relations Section..
- David Card, 1986. "The impact of deregulation on the employment and wages of airline mechanics," Industrial and Labor Relations Review, ILR Review, Cornell University, ILR School, vol. 39(4), pages 527-538, July.
- David Card, 1986. "The Impact of Deregulation on the Employment and Wages of Airline Mechanics," NBER Working Papers 1847, National Bureau of Economic Research, Inc.
- Michael H. Belzer, 1995. "Collective bargaining after deregulation: Do the Teamsters still count?," Industrial and Labor Relations Review, ILR Review, Cornell University, ILR School, vol. 48(4), pages 636-655, July.
- Severin Borenstein & Nancy L. Rose, 2007. "How Airline Markets Work...Or Do They? Regulatory Reform in the Airline Industry," NBER Working Papers 13452, National Bureau of Economic Research, Inc.
- Jeff Borland, 2000. "Economic Explanations of Earnings Distribution Trends in the International Literature and Application to New Zealand," Treasury Working Paper Series 00/16, New Zealand Treasury.
- Jorge Saba Arbache, 1999. "Trade Liberalisation and Insider Power: The Case of Brazil," Studies in Economics 9902, Department of Economics, University of Kent.
- Feldmann, Horst, 2009. "Business regulation, labor force participation and employment in industrial countries," Journal of Economics and Business, Elsevier, vol. 61(3), pages 238-260.
- John Abowd & Francis Kramarz & Paul Lengermann & Kevin McKinney & Sébastien Roux, 2012. "Persistent inter‐industry wage differences: rent sharing and opportunity costs," IZA Journal of Labor Economics, Springer, vol. 1(1), pages 1-25, December.
- Kawaguchi, Akira & Mizuno, Keizo, 2011. "Deregulation and labour earnings: Three motor carrier industries in Japan," Labour Economics, Elsevier, vol. 18(4), pages 441-452, August.
- Natália Monteiro, 2009.
"Regulatory reform and labour earnings in Portuguese banking,"
Springer, vol. 36(3), pages 557-574, June.
- Natália Pimenta Monteiro, 2007. "Regulatory reform and labour earnings in Portuguese banking," NIPE Working Papers 7/2007, NIPE - Universidade do Minho.
- Dennis W. Carlton & Randal C. Picker, 2007.
"Antitrust and Regulation,"
NBER Working Papers
12902, National Bureau of Economic Research, Inc.
- Natália Pimenta Monteiro, 2004. "Regulatory reform and the Portuguese banking labour market: two decades later," NIPE Working Papers 10/2004, NIPE - Universidade do Minho.
- Wozniak, Abigail, 2006.
"Product Markets and Paychecks: Deregulation's Effect on the Compensation Structure in Banking,"
IZA Discussion Papers
1957, Institute for the Study of Labor (IZA).
- Abigail K. Wozniak, 2007. "Product Markets and Paychecks: Deregulation's Effect on the Compensation Structure in Banking," Industrial and Labor Relations Review, ILR Review, Cornell University, ILR School, vol. 60(2), pages 246-267, January.
- Barry T. Hirsch & Edward J. Schumacher, 2000.
"Private Sector Union Density and the Wage Premium: Past, Present, and Future,"
0015, East Carolina University, Department of Economics.
- Barry T. Hirsch & Edward J. Schumacher, 2001. "Private Sector Union Density and the Wage Premium: Past, Present, and Future ," Journal of Labor Research, Transaction Publishers, vol. 22(3), pages 487-518, July.
- Sandra E. Black & Philip E. Strahan, 2001. "The Division of Spoils: Rent-Sharing and Discrimination in a Regulated Industry," American Economic Review, American Economic Association, vol. 91(4), pages 814-831, September.
- Daniele Checchi & Claudio Lucifora, 2002.
"Unions and labour market institutions in Europe,"
Departmental Working Papers
2002-16, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
- Friebel, Guido & McCullough, Gerard & Padilla Angulo, Laura, 2008. "Patterns of Restructuring: The U.S. Class 1 Railroads from 1984 to 2004," CEPR Discussion Papers 6836, C.E.P.R. Discussion Papers.
- Siew Hoon Lim & C.A. Knox Lovell, 2009. "Profit and productivity of US Class I railroads," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 30(7), pages 423-442.
- Eijffinger, Sylvester C W & Rossi, Alberto, 2006.
"Structural Reforms and Growth: Product and Labor Market Deregulations,"
CEPR Discussion Papers
5988, C.E.P.R. Discussion Papers.
- Eijffinger, S.C.W. & Rossi, A., 2006. "Structural Reforms and Growth: Product and Labor Market Deregulations," Discussion Paper 2006-112, Tilburg University, Center for Economic Research.
- Italo Colantone, 2012. "Trade openness, real exchange rates and job reallocation: evidence from Belgium," Review of World Economics (Weltwirtschaftliches Archiv), Springer, vol. 148(4), pages 669-706, December.
- James Peoples, 2013. "The Legacy of the Interstate Commerce Act and Labor: Legislation, Unionization, and Labor Earnings in Surface Transportation Services," Review of Industrial Organization, Springer, vol. 43(1), pages 63-84, August.
- Horst Feldmann, 2008. "Business regulation and labor market performance around the world," Journal of Regulatory Economics, Springer, vol. 33(2), pages 201-235, April.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jane Voros) or (Michael P. Albert).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.