Banking system concentration and labor market performance in industrial countries

Horst Feldmann

Research output: Contribution to journal › Article

2 Citations (Scopus)

Abstract

Using data on 21 industrial countries from the period 1987 to 2009 and a large number of controls, this paper finds that a more concentrated banking sector is likely to raise the unemployment rate and reduce the employment rate. The magnitude of these effects appears to be moderate. The results are robust to potential endogeneity of the bank concentration variable as well as to numerous variations in specification. They are important because, as a consequence of the recent global financial crisis, many industrial countries have experienced both an increase in banking system concentration and a deterioration in labor market performance.
Original languageEnglish
Pages (from-to)719-732
JournalContemporary Economic Policy
Volume31
Issue number4
Early online date23 Apr 2012
DOIs
Publication statusPublished - 2013

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banking
labor market
unemployment rate
financial crisis
performance
bank
Labour market
Developed countries
Banking system
Market performance
Employment rate
Banking sector
Deterioration
Global financial crisis
Bank concentration
Endogeneity
Unemployment rate

Cite this

Banking system concentration and labor market performance in industrial countries. / Feldmann, Horst.

In: Contemporary Economic Policy, Vol. 31, No. 4, 2013, p. 719-732.

Research output: Contribution to journal › Article

Feldmann, H 2013, 'Banking system concentration and labor market performance in industrial countries', Contemporary Economic Policy, vol. 31, no. 4, pp. 719-732. https://doi.org/10.1111/j.1465-7287.2012.00316.x
Feldmann H. Banking system concentration and labor market performance in industrial countries. Contemporary Economic Policy. 2013;31(4):719-732. https://doi.org/10.1111/j.1465-7287.2012.00316.x
Feldmann, Horst. / Banking system concentration and labor market performance in industrial countries. In: Contemporary Economic Policy. 2013 ; Vol. 31, No. 4. pp. 719-732.
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