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dc.contributor.authorWozniak, Abigailen_US
dc.date.accessioned2006-06-21en_US
dc.date.accessioned2010-07-07T09:11:59Z-
dc.date.available2010-07-07T09:11:59Z-
dc.date.issued2006en_US
dc.identifier.urihttp://hdl.handle.net/10419/33461-
dc.description.abstractThis paper asks how deregulation intended to promote competition in the commercial banking industry affected the compensation structure for banking employees. Using establishment-based data from the Employment Cost Index Survey of the U.S. Bureau of Labor Statistics, I obtain measures of the level and distribution of wage and benefits compensation within industries. I then compare changes in compensation in the banking industry to changes in unaffected industries across states and over time to identify the effects of deregulation. Banking deregulation had no effect on compensation levels or inequality in the industry as a whole, but this masks conflicting changes within the compensation structure. Manager wages fell while non-manager wages held steady, leading to a large decline in between-occupation compensation inequality. In contrast, between-establishment inequality increased dramatically. Deregulation also led to increases in inequality among managers despite their falling wages and to significant shifts in the types of non-wage benefits banking employees received.en_US
dc.language.isoengen_US
dc.publisherIZA Bonnen_US
dc.relation.ispartofseriesIZA Discussion Papers 1957en_US
dc.subject.jelJ31en_US
dc.subject.jelL11en_US
dc.subject.ddc330en_US
dc.subject.keywordtotal compensationen_US
dc.subject.keywordcompensation inequalityen_US
dc.subject.keywordproduct market competitionen_US
dc.subject.keywordcommercial bankingen_US
dc.subject.stwBankensystemen_US
dc.subject.stwDeregulierungen_US
dc.subject.stwBankberufeen_US
dc.subject.stwVerg├╝tungssystemen_US
dc.subject.stwLohnstrukturen_US
dc.subject.stwUSAen_US
dc.titleProduct markets and paychecks: deregulation's effect on the compensation structure in bankingen_US
dc.typeWorking Paperen_US
dc.identifier.ppn507804090en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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