Abstract
Locomotive inspection was among the most important Progressive Era federal workplace regulations. Inspection rules were enforced by a new Bureau of Locomotive Inspection, which claimed credit for subsequent safety improvements. Relying on published and unpublished data this article assesses these claims. Literary sources suggest that the bureau achieved compliance by emphasizing regulatory benefits and that its activities sharply reduced locomotive defects through the 1920s, in part by reducing agency problems. A model for 1923–1932 reinforces this conclusion, but suggests that the safety gains came at high cost. After 1932 safety improvements stagnated, for inspection ran out of steam.
Publisher
Cambridge University Press (CUP)
Subject
Economics, Econometrics and Finance (miscellaneous),Economics and Econometrics,History
Cited by
1 articles.
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