WAGES IN RAIL MARKETS: DEREGULATION, MERGERS, AND CHANGING NETWORKS CHARACTERISTICS

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%, while real wages (average compensation) increased by over 40%. Earlier research examined employment effects; in this paper the authors develop and estimate compensation effects using firm level data. By using firm level data, the authors can identify effects of partial deregulation, an accompanying and massive consolidation movement, and changes in firm operating and network characteristics. Their estimates suggest that mergers contributed 5% to 15%; partial deregulation contributed about 20%; and changes in firm operating and network characteristics contributed 4% to 5% to the overall increase in wages.

  • Record URL:
  • Corporate Authors:

    Upper Great Plains Transportation Institute

    North Dakota State University
    1320 Albrecht Blvd
    Fargo, ND  United States  58105
  • Authors:
    • Davis, D E
    • Wilson, W W
  • Publication Date: 2002-9

Language

  • English

Media Info

  • Features: Appendices; References; Tables;
  • Pagination: 48 p.

Subject/Index Terms

Filing Info

  • Accession Number: 00943811
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Jun 3 2003 12:00AM