Wages in Rail Markets: Deregulation, Mergers, and Changing Networks Characteristics

Davis, David E; Wilson, Wesley W.

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Wages in Rail Markets: Deregulation, Mergers, and Changing Networks Characteristics

2002-09-01
By Davis, David E ; Wilson, Wesley W.

File Language:

English

Details

Creators:

Davis, David E ; Wilson, Wesley W.
Corporate Creators:

United States. Department of Agriculture. Economic Research Service ; University of Oregon
Corporate Contributors:

Upper Great Plains Transportation Institute
Subject/TRT Terms:
- Deregulation
- Employment
- Labor
- Markets
- Mergers
- Operations
- Railroads
Resource Type:

Tech Report
Geographical Coverage:

United States
Corporate Publisher:

Upper Great Plains Transportation Institute
Abstract:

The Staggers Act of 1980 largely deregulated the Class I Railroad industry and has had profound effects on labor. Between 1978 and 1994, employment in the industry decreased by about 60 percent, while real wages (average compensation) increased by over 40 percent. Earlier research examined employment effects; in this paper, we develop and estimate compensation effects using firm level data. By using firm level data, we can identify effects of partial deregulation, an accompanying and massive consolidation movement, and changes in firm operating and network characteristics. Our estimates suggest that mergers contributed 5 to 15 percent; partial deregulation contributed about 20 percent; and changes in firm operating and network characteristics contributed 4 to 5 percent to the overall increase in wages.
Format:

PDF
Download URL:

https://rosap.ntl.bts.gov/view/dot/59797/dot_59797_DS1.pdf
File Type:

[PDF - 977.52 KB]
Collection(s):

US Transportation Collection
Main Document Checksum:

urn:sha256:230ade509c76396c1a0f35a52d1a215dca12c1bb4ec6841c3380ed8fe3aa5a83

File Language:

English

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