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8. Earnings Of Low To Mid-Level Managers In The Airline, Trucking, And Railroad Industries

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  • Bitzan, John D.

Abstract

This study examines the earnings and characteristics of low to mid-level managers in the airline, trucking, and railroad industries and changes since deregulation. Moreover, the study examines the hypotheses that managerial quality has improved and that there is a stronger pay for performance relationship as a result of deregulation. The study finds general support for the idea that managerial quality and the returns to managerial quality increased as a result of deregulation. Furthermore, a direct estimation of managerial earnings of railroad workers provides support for a strengthening of the pay for performance relationship as a result of deregulation.

Suggested Citation

  • Bitzan, John D., 2004. "8. Earnings Of Low To Mid-Level Managers In The Airline, Trucking, And Railroad Industries," Research in Transportation Economics, Elsevier, vol. 10(1), pages 165-189, January.
    • Handle: RePEc:eee:retrec:v:10:y:2004:i:1:p:165-189
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    References listed on IDEAS

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    1. Carroll, Thomas M & Ciscel, David H, 1982. "The Effects of Regulation on Executive Compensation," The Review of Economics and Statistics, MIT Press, vol. 64(3), pages 505-509, August.
    2. Paul W. MacAvoy, 1977. "Railroad Revitalization and Regulatory Reform," Books, American Enterprise Institute, number 917711, September.
    3. Oaxaca, Ronald, 1973. "Male-Female Wage Differentials in Urban Labor Markets," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 14(3), pages 693-709, October.
    4. Paul Joskow & Nancy Rose & Andrea Shepard, 1993. "Regulatory Constraints on CEO Compensation," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 24(1 Microec), pages 1-72.
    5. Michael C. Jensen & Kevin J. Murphy, 2010. "CEO Incentives—It's Not How Much You Pay, But How," Journal of Applied Corporate Finance, Morgan Stanley, vol. 22(1), pages 64-76, January.
    6. Barry T. Hirsch, 1988. "Trucking Regulation, Unionization, and Labor Earnings: 1973-85," Journal of Human Resources, University of Wisconsin Press, vol. 23(3), pages 296-319.
    7. 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 1146-1178, December.
    8. Darius Palia, 2000. "The Impact of Regulation on CEO Labor Markets," RAND Journal of Economics, The RAND Corporation, vol. 31(1), pages 165-179, Spring.
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    Cited by:

    1. Laura Padilla Angulo, 2013. "Labour inputs substitution during corporate restructuring: a translog model approach for US freight railroads," Applied Economics, Taylor & Francis Journals, vol. 45(18), pages 2547-2562, June.
    2. repec:taf:applec:45:y:2013:i:18:p:2547-2562 is not listed on IDEAS

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