Premium
Banking Employment in the 1990s: Regional Effects of Consolidation
Author(s) -
Kashian Russell,
Monaco Kristen
Publication year - 1998
Publication title -
growth and change
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.657
H-Index - 55
eISSN - 1468-2257
pISSN - 0017-4815
DOI - 10.1111/1468-2257.00080
Subject(s) - consolidation (business) , bailout , loan , business , corporation , proxy (statistics) , economics , finance , financial crisis , machine learning , computer science , macroeconomics
The effects of consolidation in the banking sector on employment are analyzed using data from the Federal Deposit Insurance Corporation's Statistics on Banking. Previous efficiency studies of consolidation find that there is no relationship between consolidation and non‐interest expenses (a proxy for employment). This study finds a negative relationship between consolidation and employment. It also finds no positive employment effects in states that were net beneficiaries of the savings and loan (S&L) bailout.