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...

Do moderate increases in the minimum wage reduce employment? If not, do they nevertheless raise wages? To examine these questions, we apply techniques of time-series analysis and systems estimation that are commonly used in macroeconomics and finance to five panels of data that contain between...