A Time Series Analysis of Wages in Deregulated Industries: A Study of Motor Carriage and Rail

Journal of Applied Economics, Vol. 9, No. 1, pp. 105-118, May 2006

Posted: 16 Jun 2006

See all articles by Kristen A. Monaco

Kristen A. Monaco

California State University, Long Beach - Department of Economics

Taggert J Brooks

University of Wisconsin - Department of Economics

John Bitzan

North Dakota State University - College of Business

Abstract

Using time series techniques, we contrast the impact of deregulation in trucking and rail labor markets. During regulation both labor markets were characterized by wages considerably higher than manufacturing wages. In fact, trucking and rail wages had a stable, deterministic relationship prior to deregulation. After deregulation, however, the mean trucking wages fell considerably, approaching manufacturing wages, while rail wages remained relatively constant. We also find that deregulation's negative impact on trucking wages was non-discrete and occurred primarily between 1980 and 1984.

Keywords: deregulation, trucking, rail

JEL Classification: J3, L92, L51, C22

Suggested Citation

Monaco, Kristen A. and Brooks, Taggert J and Bitzan, John, A Time Series Analysis of Wages in Deregulated Industries: A Study of Motor Carriage and Rail. Journal of Applied Economics, Vol. 9, No. 1, pp. 105-118, May 2006, Available at SSRN: https://ssrn.com/abstract=908883

Kristen A. Monaco (Contact Author)

California State University, Long Beach - Department of Economics ( email )

1250 Bellflower Blvd
Long Beach, CA 90840-4607
United States
(562) 985-5076 (Phone)

HOME PAGE: http://www.csulb.edu/~kmonaco

Taggert J Brooks

University of Wisconsin - Department of Economics ( email )

1725 State Street
La Crosse, WI 54601
United States
(608) 785-5295 (Phone)

HOME PAGE: http://www.uwlax.edu/BA/eco/faculty/faculty_brooks.htm

John Bitzan

North Dakota State University - College of Business ( email )

Fargo, ND 58105
United States

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