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Christiane Kneer, Tilburg Print
Friday, 16 November 2012, 12:15 - 13:15

ENTER Seminar 

Christiane Kneer, Tilburg University

The Absorption of Talent into Finance: Evidence from US Branching Deregulation


Abstract: This paper examines the effect of U.S. banking deregulation on labour  productivity in the manufacturing industry. My evidence shows that the relaxation of interstate branching restrictions reduces labour productivity disproportionately in industries which are relatively skill-intensive. This result also holds if potential changes in bank lending following deregulation are controlled for. I argue that the channel through which deregulation  affects labour productivity is the absorption of talent by the banking sector. The relaxation of  branching restrictions changed human resource needs of banks. The diversion of skilled individuals into banks and away from real sectors was accompanied by reduced labour productivity in the real sectors.

Location: R42.2.113
Contact: Claude Adan, This e-mail address is being protected from spam bots, you need JavaScript enabled to view it