Ehrenberg / Freeman The Regulatory Process and Labor Earnings

1. Auflage 2014
ISBN: 978-1-4832-6890-3
Verlag: Elsevier Science & Techn.
Format: PDF
Kopierschutz: 1 - PDF Watermark

E-Book, Englisch, 224 Seiten, Web PDF

The Regulatory Process and Labor Earnings focuses on one form of government intervention in the marketplace-state regulation of public utilities. This book provides the most comprehensive study of labor costs in a regulated industry and includes a summary of a major econometric study. This text addresses a number of related issues, such as the effect of regulatory process to the structure of collective bargaining and labor earnings in regulated industries, legal rights of state utility commissions to deny proposed rate increases that are based on excessive upturns in labor cost, and incentive schemes that can be used to encourage public utilities to hold down labor and non-labor cost increases. This publication is a good reference for students and individuals involved in the regulatory process.

Autoren/Hrsg.

Ehrenberg, Ronald G.

Freeman, Richard B.

Inhaltsverzeichnis

1;Front Cover;1
2;The Regulatory Process and Labor Earnings;4
3;Copyright Page;5
4;Table of Contents;8
5;Dedication;6
6;Preface;12
7;Acknowledgments;14
8;List of Figures and Tables;18
9;Chapter 1. Introduction;22
9.1;1.1 The New York Telephone Company Case;22
9.2;1.2 The Regulatory Process and Labor Earnings: Issues;24
9.3;1.3 Outline of the Study;26
9.4;1.4 The Effect of Regulation on Labor Earnings: Theory and Empirical Evidence;27
9.5;1.5 The Regulatory Process and Labor Earnings: Current Practices;41
9.6;1.6 The Regulatory Process and Collective Bargaining in the Telecommunications Industry;49
10;Chapter 2. The New York Telephone Company Case: A Case Study of Wages in a Regulated Industry;56
10.1;2.1 Introduction;56
10.2;2.2 Detailed Occupational Earnings Comparisons as of 1975 and 1976;62
10.3;2.3 Detailed Annual and Hourly Earnings Comparisons That Control for Personal Characteristics;90
10.4;2.6 Summary and Implications for Future Studies;132
11;Chapter 3. Conceptual Issues and Criticisms of the Study;138
11.1;3.1 Introduction;138
11.2;3.2 The Rights of Workers and the Legality of Commission Intervention;139
11.3;3.3 Issues in the Determination of the Appropriate Standard;143
11.4;3.4 Conceptual Issues: Wage and Salary Survey Comparisons;152
11.5;3.5 Conceptual Issues: Census Comparisons;157
11.6;3.6 Concluding Remarks;164
12;Chapter 4. Labor Costs in Regulated Industries: Policy Options;166
12.1;4.1 Introduction;166
12.2;4.2 The Effect of My Study;167
12.3;4.3 Should There Be Commission Reviews?;175
12.4;4.4 Incentives for Utilities to Limit Cost Increases;184
12.5;4.5 An Agenda for Policy;194
13;APPENDIX A: Models of Regulation;198
13.1;A.1 "Operating Ratio" Regulation (Section 1.4);198
13.2;A.2 "Rate-of-Return" Regulation (Section 1.4);200
13.3;A.3 Limitations on Wage Pass-Throughs and Overcapitalization under Rate-of-Return Regulation (Section 4.3);202
14;APPENDIX B: Sample Sizes "Necessary" to Obtain Statistically Significant Estimates of Telephone Industry Earnings Differentials;204
15;APPENDIX C: Estimates of the Relationship between the Interest Rates Paid By Utilities and Their Profit Rates and Coverage Ratios;210
16;Bibliography;214
17;Index;222