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The U.S. trucking industry has been calling out a shortage of truck drivers for nearly forty years, since soon after its economic deregulation in 1980. Burks and Monaco (2019) provided evidence that the overall truck driver labor market works about as well as any blue collar labor market, and...
Persistent link: https://www.econbiz.de/10014390525
Some of the U.S. states saw sharper declines in truck transportation payrolls at the onset of the COVID-19 shutdown, and others displayed differing trajectories in the rebound of truck transportation payrolls during the economic recovery. Analyzing why provides theoretical and practical insights...
Persistent link: https://www.econbiz.de/10014310820
Every year, approximately 27% of all jobs in the U.S. truck transportation sector (NAICS 484) are reshuffled across motor carriers as existing carriers grow or shrink, new entrants begin operations, and existing firms exit. Studying how these dynamics unfold, especially for young carriers, is...
Persistent link: https://www.econbiz.de/10014285981
Studying employment dynamics (i.e., rates at which firms add or shed workers) of small- and medium-sized enterprises (SMEs) like trucking firms is critical to inform labor market theory and public policy. We examine U.S. trucking firm employment dynamics during the highly expansive period of...
Persistent link: https://www.econbiz.de/10015184776