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Deregulation and labour earnings: Three motor carrier industries in Japan

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  • Kawaguchi, Akira
  • Mizuno, Keizo

Abstract

We empirically examine the effect of product market deregulation on wages. The difference-in-difference approach is used with wage data from three motor carrier industries (the taxi, bus and trucking industries) in Japan to obtain the following findings. First, deregulations in the 1990s and 2000s caused the relative wages of taxi and bus drivers to decline, but this was not the case for truck drivers. Second, the large decline in the relative wages of taxi drivers can be explained by the deterioration of economic conditions; their wages are more sensitive to labour market conditions than those of drivers in other industries.

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Bibliographic Info

Article provided by Elsevier in its journal Labour Economics.

Volume (Year): 18 (2011)
Issue (Month): 4 (August)
Pages: 441-452

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Handle: RePEc:eee:labeco:v:18:y:2011:i:4:p:441-452

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Web page: http://www.elsevier.com/locate/labeco

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Keywords: Product market deregulation Labour earnings Motor carrier industries;

References

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  1. Olivier Blanchard & Francesco Giavazzi, 2003. "Macroeconomic Effects Of Regulation And Deregulation In Goods And Labor Markets," The Quarterly Journal of Economics, MIT Press, vol. 118(3), pages 879-907, August.
  2. Mohring, Herbert, 1972. "Optimization and Scale Economies in Urban Bus Transportation," American Economic Review, American Economic Association, vol. 62(4), pages 591-604, September.
  3. Ann Schwarz-Miller & Wayne K. Talley, 2003. "Effects of Public Transit Policies on Taxi Drivers' Wages," Journal of Labor Research, Transaction Publishers, vol. 24(1), pages 131-142, January.
  4. Toshiaki Tachibanaki, 2005. "Confronting Income Inequality in Japan: A Comparative Analysis of Causes, Consequences, and Reform," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262201585, December.
  5. Kristen Monaco, 2001. "Examining Industry Effects for Truck Drivers," Review of Industrial Organization, Springer, vol. 18(1), pages 91-103, February.
  6. Flath, David, 2001. "Japanese Regulation of Truck Transport," Journal of the Japanese and International Economies, Elsevier, vol. 15(1), pages 1-28, March.
  7. Hirsch, Barry T, 1993. "Trucking Deregulation and Labor Earnings: Is the Union Premium a Compensating Differential?," Journal of Labor Economics, University of Chicago Press, vol. 11(2), pages 279-301, April.
  8. James Peoples, 1998. "Deregulation and the Labor Market," Journal of Economic Perspectives, American Economic Association, vol. 12(3), pages 111-130, Summer.
  9. Haskel, Jonathan & Szymanski, Stefan, 1993. "Privatization, Liberalization, Wages and Employment: Theory and Evidence for the UK," Economica, London School of Economics and Political Science, vol. 60(238), pages 161-81, May.
  10. Rose, Nancy L, 1987. "Labor Rent Sharing and Regulation: Evidence from the Trucking Industry," Journal of Political Economy, University of Chicago Press, vol. 95(6), pages 1146-78, December.
  11. Kristen Monaco & Taggert J. Brooks & John Bitzan, 2006. "A time series analysis of wages in deregulated industries: A study of motor carriage and rail," Journal of Applied Economics, Universidad del CEMA, vol. 0, pages 105-118, May.
  12. James M. MacDonald & Linda Cavalluzzo, 1996. "Railroad deregulation: Pricing reforms, shipper responses, and the effects on labor," Industrial and Labor Relations Review, ILR Review, Cornell University, ILR School, vol. 50(1), pages 80-91, October.
  13. Talley Wayne K., 2004. "Wage Differentials of Intermodal Transportation Carriers and Ports: Deregulation Versus Regulation," Review of Network Economics, De Gruyter, vol. 3(2), pages 1-21, June.
  14. Dale L. Belman & Kristen A. Monaco, 2001. "The Effects of deregulation, de-unionization, technology, and human capital on the work and work lives of truck drivers," Industrial and Labor Relations Review, ILR Review, Cornell University, ILR School, vol. 54(2), pages 502-524, March.
  15. Talley, Wayne K, 2001. "Wage Differentials of Transportation Industries: Deregulation versus Regulation," Economic Inquiry, Western Economic Association International, vol. 39(3), pages 406-29, July.
  16. White, Halbert, 1980. "A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity," Econometrica, Econometric Society, vol. 48(4), pages 817-38, May.
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