Deregulation, Mergers, and Employment in the Railroad Industry
AbstractSince 1978, there have been dramatic changes in the railroad industry with partial deregulation, a massive consolidation of firms, a reduction in the size of the rail network, and a dramatic reduction in employment. In this paper, we focus on the effects of deregulation, a change In the traffic characteristics, miles of road, and consolidation, on employment by Class I railroads. We develop end estimate a model that allows these effects to be identified, finding that the largest employment declines emanate from the direct effect of partial deregulation, while smaller, but still large, employment declines emanate from mergers and changes in traffic mix. Copyright 1999 by Kluwer Academic Publishers
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Bibliographic InfoArticle provided by Springer in its journal Journal of Regulatory Economics.
Volume (Year): 15 (1999)
Issue (Month): 1 (January)
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Web page: http://www.springerlink.com/link.asp?id=100298
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- 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.
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- 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.
- Natália Pimenta Monteiro, 2004. "Regulatory reform and the Portuguese banking labour market: two decades later," NIPE Working Papers 10/2004, NIPE - Universidade do Minho.
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