Regulatory Reform and Labor Markets / Edition 1

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Overview

Regulatory reform represents a major shift in the government's role toward price determination in the transportation and telecommunication industries. The resulting policy emphasizes dependence on market forces to set prices and to encourage efficient production techniques. While extensive research investigates the influence of deregulation on prices, profits and productivity, the effect on labor markets has not received the same scrutiny. Firms in these industries are of major importance to business operations in other industries because they provide the critical services of transporting goods and transmitting information. This may partly explain such extensive research on the product market aspects of regulatory reform. Examining labor markets in the transportation and telecommunications industries is also highly warranted, as historically these industries represented some of the most heavily unionized sectors in the economy. The extent to which regulatory reform has encouraged product market competition may not necessarily result in the same degree of competition across industries. Regulatory Reform and Labor Markets debates the notion that research on regulatory reform and labor markets should develop within the framework of the competitive model. This is achieved by presenting diverging views on wage and employment determination in distinctly different deregulated industries.
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Editorial Reviews

Booknews
Debates the notion that research on regulatory reform and labor markets should develop within the framework of the competitive model, presenting diverging views on wage and employment determination in different deregulated industries. After a discussion of the history of regulation in the transportation and telecommunications industries, chapters focus on earnings and employment effects of deregulation in trucking, railroads, airlines, and telecommunications. Labor market studies present theories on effects of deregulation as they apply to specific industries and use contemporary statistical techniques to test hypotheses generated from these theories. A concluding chapter examines the extent to which greater dependence on market forces has led to competitive labor market outcomes in these industries. Annotation c. by Book News, Inc., Portland, Or.
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Product Details

  • ISBN-13: 9780792380658
  • Publisher: Springer Netherlands
  • Publication date: 11/30/1997
  • Series: Recent Economic Thought Series , #61
  • Edition description: 1998
  • Edition number: 1
  • Pages: 390
  • Product dimensions: 9.21 (w) x 6.14 (h) x 0.94 (d)

Table of Contents

Contributing Authors
1 Introduction and Overview 1
2 Regulation and Deregulation in Surface Freight, Airlines and Telecommunications 15
Commentary 51
3 Earnings and Employment in Trucking: Deregulating a Naturally Competitive Industry 61
Commentary 113
4 Railroad Deregulation and Union Labor Earnings 125
Commentary 155
5 Deregulation and Labor Earnings in the Airline Industry 183
Commentary 231
6 Labor Negotiations with Regional Monopolies: The Telecommunication Industry 249
Commentary 277
7 Regulated Industries and Measures of Earnings Discrimination 287
Commentary 325
8 Concluding Observations 363
Author Index 375
Subject Index 381
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