TY - JOUR
T1 - Product market deregulation's winners and losers
AU - Padilla-Angulo, Laura
AU - Friebel, Guido
AU - McCullough, Gerard
PY - 2019/1/1
Y1 - 2019/1/1
N2 - 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.
AB - 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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M3 - Article
AN - SCOPUS:85073640709
SN - 0022-5258
VL - 53
SP - 212
EP - 237
JO - Journal of Transport Economics and Policy
JF - Journal of Transport Economics and Policy
ER -