The Effect Of Consolidation On Employees In The U.S. Banking Industry

Abstract

This paper examines the effect of the continuing consolidation on employees in the U.S. banking industry between 1992 and 2004. It documents the decreasing number of banking institutions, the number of employees, and level of salaries and benefits. The data indicates that while the number of banks has continued to decrease, the levels of employment and compensation have, in fact, increased during this period.