PADILLA ANGULO, LAURA, Friebel G. , McCullough G.
No
J. Transp. Econ. Policy
Article
Científica
0.919
0.695
01/01/2019
2-s2.0-85073640709
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. © 2019 University of Bath. All rights reserved.
deregulation; employment; finance; human resource; railway; skilled labor; wage; United States