Title Product Market Deregulation's Winners and Losers US Railroads Between 1981 and 2001
Authors PADILLA ANGULO , LAURA , Friebel, Guido, McCullough, Gerard, PADILLA ANGULO , LAURA
External publication No
Means J. Transp. Econ. Policy
Scope Article
Nature Científica
JCR Quartile 3
SJR Quartile 2
JCR Impact 0.91900
Area International
Web https://www.scopus.com/inward/record.uri?eid=2-s2.0-85073640709&partnerID=40&md5=5e1ee323d90d5c64633d503e74cafe80
Publication date 01/07/2019
ISI 000473271800002
Abstract We account for the labour effects around the time of deregulation by investigating a comprehensive data set on US railroads that contain detailed finance, output, employment, and wage information for six different skill groups. We identify the effect of product market strategies and mergers on workers' employment and earnings. Railroads have downsized and they have restructured the composition of their human resources. The majority of employee groups have benefited in terms of compensation. Low-skilled workers, blue-collar workers, and administrative staff are the main losers. The main winners have been managers and locomotive drivers.
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