Monaco, Kristen; Brooks, Taggert J.; Bitzan, John - In: Journal of Applied Economics IX (2006) May, pp. 105-118
Using time series techniques, we contrast the impact of deregulation in trucking and rail labor markets. During … 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 …