Are labor-saving technologies lowering employment in the banking industry?

Journal of Banking and Finance

Volumn 30, Issue 1, 2006, Pages 179-198

  Fung, Michael K ^a  

^a HONG KONG POLYTECHNIC UNIVERSITY   (Hong Kong)

Author keywords

Banking; Employment; Labor saving technology

Indexed keywords

EID: 32144443468     PISSN: 03784266     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jbankfin.2005.03.008     Document Type: Article

References (48)

1. J.D. Adams The structure of firm R&D, the factor intensity of production and skill bias Review of Economics and Statistics 81 1999 499-510
2. Akhavein, J.D., Berger, A.N., Humphrey, D.B., 1997. The effects of megamergers on efficiency and prices: Evidence from a bank profit function. Finance and Economic Discussion Series 1997-1999. Federal Reserve Board, Washington, DC.
3. A.P. Bartel N. Sicherman Technological change and wages: An interindustry analysis Journal of Political Economy 107 1999 285-325
4. G.J. Benston Branch banking and economies of scale Journal of Finance 20 1965 312-331
5. A.N. Berger D.B. Humphrey Megamergers in banking and the use of cost efficiency as an antitrust defense Antitrust Bulletin 37 1992 541-600
6. A.N. Berger W.C. Hunter S.G. Timme The efficiency of financial institutions: A review and preview of research past, present, and future Journal of Banking and Finance 17 1993 221-249
7. A.N. Berger A.K. Kashyap J.M. Scalise The transformation of the US banking industry: What a long, strange trip it is been Brookings Papers on Economic Activity 2 1995 55-218
8. E. Berman J. Bound Z. Griliches Changes in the demand for skilled labour within US manufacturing industries: Evidence from the annual survey of manufacturing Quarterly Journal of Economics 109 1994 367-398
9. Berndt, E., Morrison, C., Rosenblum, L., 1991. High tech capital formation and labour compensation in US manufacturing industries: An exploratory analysis, NBER working paper no. 4010.
10. M.M. Cornett H. Tehranian Changes in corporate performance associated with bank acquisitions Journal of Financial Economics 31 1992 211-234
11. B. Craig The long-run demand for labor in the banking industry Economic Review - Federal Reserve Bank of Cleveland 33 3 1997 23-33
12. R.S. Demsetz Human resource needs in the evolving financial sector Current Issues in Economics and Finance 3 13 1997 1-6
13. R.S. Demsetz P.E. Strahan Diversification, size and risk at bank holding companies Journal of Money, Credit, and Banking 29 3 1997 300-313
14. S. Dowrick B. Spencer Union attitudes to labor saving new technology: Are there union luddites? Journal of Labor Economics 12 2 1994 316-344
15. G.D. Ferrier S. Grosskopf K.J. Hayes S. Yaisawarng Economies of diversification in the banking industry Journal of Monetary Economics 31 1993 229-249
16. R.J. Gilbert D.M.G. Newbery Preemptive patenting and the persistence of monopoly American Economic Review 72 3 1982 514-526
17. C. Goldin L.F. Katz The origins of technology-skill complementary Quarterly Journal of Economics 113 1998 693-732
18. Z. Griliches Capital-skill complementary Review of Economics and Statistics 51 1969 465-468
19. Gruenstein, J., 1997. Credit and mortgage scoring: Implications for mortgage markets. PMI Mortgage Company, Chicago, Unpublished manuscript.
20. Hughes, J.P., Mester, L.J., 1992. A quality and risk-adjusted cost function for banks: Evidence on the 'Too-big-to-fail doctrine'. Working paper 91-21/R, Federal Reserve Bank of Philadelphia.
21. Jayarathne, J., Strahan, P.E., 1996. Entry restrictions, industry evolution and dynamic efficiency: Evidence from commercial banking. Federal Reserve Bank of New York.
22. Y.S. Katsoulacos Product innovation and employment European Economic Review 26 1984 83-108
23. T.J. Klette S.E. Forre Innovations and job creation in a small open economy-evidence from Norwegian manufacturing plants 1982-92 Economics of Innovation and New Technology 5 1998 247-272
24. P. Krusell L.E. Ohanian J.V. Rios-Rull G.L. Violante Capital-skill complementarity and inequality: A macroeconomic analysis Econometrica 68 2000 1029-1053
25. Linder, J.C., Crane, D.B., 1992. Bank mergers: Integration and profitability. Working paper, Harvard Business School.
26. S.J. Machin Changes in the relative demand of skills in the US labour market Alison Booth Acquiring skills 1996 Cambridge University Press Cambridge
27. Machin, S.J., Ryan, A., Van Reenen, J., 1996. Technology and changes in the skill structure: Evidence from an international panel of industries. Discussion paper, Centre for Economic Policy Research.
28. P.H. McAllister D. McManus Resolving the scale efficiency puzzle in banking Journal of Banking and Finance 17 1993 389-405
29. L. Mishel J. Bernstein Is the technology black box empty? 1994 Economic Policy Institute Washington, DC
30. K. Mukherjee S.C. Ray S.M. Miller Productivity growth in large US commercial banks: The initial post-deregulation experience Journal of Banking and Finance 25 2001 913-939
31. Nadiri, M.I., 1993. Innovations and technological spillovers, NBER working paper no. 4423.
32. S. Nickell Biases in dynamic models with fixed effects Econometrica 49 1981 1417-1426
33. S. Nickell An investigation of the determinants of manufacturing employment in the United Kingdom Review of Economic Studies 51 1984 529-557
34. S. Nickell S. Wadhwani Employment determination in British industry: Investigation using micro-data Review of Economic Studies 58 1991 955-969
35. S.C. Ray K. Mukherjee Decomposition of the Fisher ideal index of productivity: A nonparametric dual analysis of US airline data Economic Journal 106 1996 1659-1678
36. Rhoades, S.A., 1986. The operating performance of acquired firms in banking before and after acquisition. Staff Economic Studies 149, Board of Governors of the Federal Reserve System, Washington, DC.
37. Rhoades, S.A., 1990. Billion dollar bank acquisitions: A note on the performance effects. Board of Governors of the Federal Reserve System.
38. S.A. Rhoades Efficiency effects of horizontal (in-market) mergers Journal of Banking and Finance 17 1993 411-422
39. Rossi, C.V., 1992. Inefficiencies versus scale economies in the thrift industry: A risk perspective. Working paper, Office of Thrift Supervision.
40. C. Sealey J. Lindley Inputs, outputs, and a theory of production and cost at depository financial institutions Journal of Finance 32 1997 1251-1266
41. Spindt, P.A., Tarhan, V., 1992. Are there synergies in bank mergers? Working paper, Tulane University, New Orleans, LA.
42. Spong, K., 1994. Bank regulation: Its purposes, implementation, and effects. Federal Reserve Bank of Kansas City, Kansas City, MO.
43. Srinivasan, A., 1992. Are there cost savings from bank mergers? Federal Reserve Bank of Atlanta Economic Review (March/April), pp. 17-28.
44. Srinivasan, A., Wall, L.D., 1992. Cost savings associated with bank mergers. Working paper, Federal Reserve Bank of Atlanta.
45. K.J. Stiroh How did bank holding companies prosper in the 1990s Journal of Banking and Finance 24 2000 1703-1745
46. M. Trajtenberg A penny for your quotes: Patent citation and the value of innovations RAND Journal of Economics 21 1990 172-187
47. R. Valletta Employment and wages in California's financial services sector FRBSF Economic Letter 99 15 1999 1-3
48. J. Van Reenen Employment and technological innovation: Evidence from UK manufacturing firms Journal of Labor Economics 15 2 1997 255-284