Banking Structure and Employment Growth

U of Wyoming Econ. & Finance Working Paper No. 2001-4

45 Pages Posted: 26 Nov 2001

See all articles by Robert N. Collender

Robert N. Collender

Federal Housing Finance Agency

Sherrill Shaffer

University of Wyoming

Date Written: September 2001

Abstract

Recent studies have documented an association between financial structure and growth of per capita income. The relationship between financial structure and job growth, by contrast, is an unexplored issue of independent interest. Here we find that U.S. nonmetropolitan employment grew faster in 1973-1996 where there were fewer locally owned bank offices and a more concentrated initial banking market structure; these linkages were less stable in metropolitan areas. In addition, controlling for employment growth does not undermine the empirical linkage between initial bank structure and subsequent per capita income growth.

Keywords: Banking structure, growth, employment

JEL Classification: E24, G21, J23, R51, O4

Suggested Citation

Collender, Robert N. and Shaffer, Sherrill, Banking Structure and Employment Growth (September 2001). U of Wyoming Econ. & Finance Working Paper No. 2001-4. Available at SSRN: https://ssrn.com/abstract=291980 or http://dx.doi.org/10.2139/ssrn.291980

Robert N. Collender

Federal Housing Finance Agency ( email )

1700 G Street NW
Washington, DC 20552
United States
202-343-1510 (Phone)
202-414-6502 (Fax)

Sherrill Shaffer (Contact Author)

University of Wyoming ( email )

P.O. Box 3985
Laramie, WY 82071-3985
United States
307-766-2173 (Phone)
307-766-5090 (Fax)

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