Labor Rent-Sharing and Regulation: Evidence From the Trucking Industry
Language: English
Published by Forgotten Books, 2018
- Softcover
- New
Seller: Forgotten Books, London, United KingdomForgotten Books
AbeBooks seller since June 2, 2021
Condition: New
US$ 17.50
Quantity: Over 20 available
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Print on Demand. This book, part of a highly regarded academic series, is a study of union wage behavior within a deregulated industry. The author uses multiple methodologies, including cross-sectional analysis and case studies, to demonstrate the extent that workers in regulated industries not only benefit from higher wages than non-union workers in the same industry, but also often capture a share of the profits the regulation generates. In this book, the author examines wage responses to deregulation in the trucking industry, where union workers had been able to negotiate particularly lucrative wage contracts. The author’s analysis suggests that when industry deregulation was implemented in the late 1970s and early 1980s, there were substantial declines in union premia over nonunion wages. The author concludes that union workers may have captured as much as 60 to 70 percent of total industry rents—a finding that strongly supports labor rent-sharing hypotheses and may have implications for collective bargaining and regulatory policy in numerous other industries. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book.…
Seller Inventory # 9780243896875_0
- Title
- Labor Rent-Sharing and Regulation: Evidence From the Trucking Industry
- Author
- Nancy L. Rose
- Publisher
- Forgotten Books
- Publication year
- 2018
- Condition
- New
- Book Type
- print-on-demand item
- Binding
- Paperback
- Language
- English
- ISBN 10
- 0243896875
- ISBN 13
- 9780243896875
- Seller catalogs
- Audits and Surveys
An increasing body of evidence suggests that labor may be an important claimant to firms' profits. While there is a well-developed literature on union rent-sharing, recent empirical and theoretical work suggests that nonunion workers also may capture a share of rents. This study uses wage responses to an exogenous reduction in trucking industry rents to estimate the extent of union and nonunion rent-sharing. The results should be of interest to both labor economists interested in noncompetitive theories of wage determination and regulatory economists interested in assessing the magnitude and distribution of regulatory rents.
The paper evaluates wage responses to motor carrier deregulation in the late 19705 and early 19805. The results indicate substantial declines in union premia over nonunion wages as a consequence of regulatory reforms. Union premia dropped from an average of 50 percent over nonunion wages during the 1973-78 period, to 30 percent over nonunion wages during 1979-84. Data for nonunion workers in the industry indicate wage declines relative to economy-wide average wages, although the magnitude of-nonunion rents is not precisely quantified.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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Forgotten Books
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