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Banking structure and employment growth

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  • Robert Collender
  • Sherrill Shaffer

Abstract

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.

Suggested Citation

  • Robert Collender & Sherrill Shaffer, 2009. "Banking structure and employment growth," Applied Economics, Taylor & Francis Journals, vol. 41(19), pages 2403-2417.
    • Handle: RePEc:taf:applec:v:41:y:2009:i:19:p:2403-2417
    DOI: 10.1080/00036840801998607
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    References listed on IDEAS

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    1. Claudia Goldin, 1986. "The Earnings Gap Between Male and Female Workers: An Historical Perspective," NBER Working Papers 1888, National Bureau of Economic Research, Inc.
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    5. repec:aei:rpbook:52719 is not listed on IDEAS
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    Cited by:

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    2. Anders Van Sandt & Craig Wesley Carpenter & Charles M. Tolbert, 2023. "Decomposing local bank impacts with demand thresholds," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 70(2), pages 333-352, April.

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