DEREGULATION, MERGERS, AND EMPLOYMENT IN THE RAILROAD INDUSTRY

Since 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 railroad network, and a dramatic reduction in employment. In this paper, the authors focus on the effects of deregulation, a change in road traffic characteristics, miles of road, and consolidation, on employment by Class I railroads. A model that allows these effects to be identified is developed and estimated, and finds 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.

• Corporate Authors:

  Kluwer Academic Publishers

  P.O. Box 17
  Dordrecht,   Netherlands 
• Authors:
  • Davis, D E
  • Wilson, W W
• Publication Date: 1999-1

Language

• English

Media Info

• Features: References; Tables;
• Pagination: p. 5-22
• Serial:
  • Journal of Regulatory Economics
  • Volume: 15
  • Issue Number: 1
  • Publisher: Kluwer Academic Publishers

Subject/Index Terms

• TRT Terms: Consolidations; Deregulation; Employment; Mergers; Railroad traffic; Railroad transportation; Traffic characteristics
• Geographic Terms: United States
• Subject Areas: Administration and Management; Economics; Operations and Traffic Management; Railroads;

Filing Info

• Accession Number: 00797574
• Record Type: Publication
• Files: TRIS
• Created Date: Aug 2 2000 12:00AM