• norsk
    • English
  • English 
    • norsk
    • English
  • Login
View Item 
  •   Home
  • Handelshøyskolen BI
  • Articles
  • Scientific articles
  • View Item
  •   Home
  • Handelshøyskolen BI
  • Articles
  • Scientific articles
  • View Item
JavaScript is disabled for your browser. Some features of this site may not work without it.

Bank deregulation and relative wages in finance

Boustanifar, Hamid
Journal article, Peer reviewed
Thumbnail
View/Open
Boustanifar_AEJ_2014.pdf (99.44Kb)
URI
http://hdl.handle.net/11250/93986
Date
2014
Metadata
Show full item record
Collections
  • Scientific articles [1334]
Original version
http://dx.doi.org/10.1080/13504851.2013.829180
Abstract
Rising wages in the finance industry has been a source of debate and are usually liked to financial

deregulations. Exploiting the cross-state and over-time variation in the timing of US bank deregulations,

this paper investigates the causal impact of each type of deregulation on the relative wages in the finance

industry. I document that relative wages in finance began to rise in the early 1980s in almost all states

including those that deregulated before 1970 and those that deregulated in the 1990s. Consistently, after

controlling for aggregate macro shocks that affected all states, there is no evidence that relative finance

wages increased more following any type of deregulation. If anything, I find a negative impact of bank

branching deregulation on relative wages in finance. These results together with those found in Philippon

and Reshef (2012) call for a better understanding of the dynamics of wages in the finance industry.
Description
This is the author’s accepted and refereed manuscript to the article. Delayed until 18 months after first online publication. 2015-04-01 due to publisher's policy
Publisher
Taylor & Francis
Journal
Applied Economics Letters

Contact Us | Send Feedback

Privacy policy
DSpace software copyright © 2002-2019  DuraSpace

Service from  Unit
 

 

Browse

ArchiveCommunities & CollectionsBy Issue DateAuthorsTitlesSubjectsDocument TypesJournalsThis CollectionBy Issue DateAuthorsTitlesSubjectsDocument TypesJournals

My Account

Login

Statistics

View Usage Statistics

Contact Us | Send Feedback

Privacy policy
DSpace software copyright © 2002-2019  DuraSpace

Service from  Unit