English, Article edition: Banking structure and employment growth Robert Collender; Sherrill Shaffer

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Physical Description
  • article
Language
  • English

Edition details

Title
  • Banking structure and employment growth
Author
  • Robert Collender
  • Sherrill Shaffer
Physical Description
  • article
Notes
  • Recent studies have documented an association between financial structure and per capita income growth. The relationship between financial structure and job growth, by contrast, is an unexplored issue of independent interest. Here we find that US 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.
  • RePEc:taf:applec:v:41:y:2009:i:19:p:2403-2417
Language
  • English
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