We consider the estimation of doubly selective wireless channels within pulse-shaping multicarrier systems (which include OFDM systems as a special case). A new channel estimation technique using the recent methodology of compressed sensing (CS) is proposed. CS-based channel estimation exploits a channel’s delay-Doppler sparsity to reduce the number of pilots and, hence, increase spectral efficiency. Simulation results demonstrate a significant reduction of the number of pilots relative to least-squares channel estimation.