Please use this identifier to cite or link to this item: http://arks.princeton.edu/ark:/88435/dsp01hq37vn59z

 Title: Testing the Efficiency of Employment Contracts Authors: Brown, James N.Ashenfelter, Orley Keywords: employment determinationimplicit contracts Issue Date: 1-Jun-1985 Citation: Journal of Political Economy, Vol. 94, No. 3, 1986 Series/Report no.: Working Papers (Princeton University. Industrial Relations Section) ; 193 Abstract: This paper presents data on airline mechanics at eight of the largest U.S. airlines and describes the impact of the 1978 Airline Deregulation Act on their wage rates and employment levels. The major findings are: (1) up to 1983, real and relative wage rates of airline mechanics remained more or less constant across firms and over time; (2) the independence of mechanics’ wage rates from firm-specific employment conditions after 1978 is consistent with pre-deregulatory experiences; (3) deregulation contributed to an existing trend of declining employment; and (4) deregulation did not bring about any systematic increase in mechanics’ productivity. URI: http://arks.princeton.edu/ark:/88435/dsp01hq37vn59z Related resource: http://links.jstor.org/sici?sici=0022-3808%28198606%2994%3A3%3CS40%3ATTEOEC%3E2.0.CO%3B2-5 Appears in Collections: IRS Working Papers

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