蝌蚪网 Review
ISSN 0002-8282 (Print) | ISSN 1944-7981 (Online)
The Division of Spoils: Rent-Sharing and Discrimination in a Regulated Industry
蝌蚪网 Review
(pp. 814–831)
Abstract
Until the middle of the 1970s, regulations constrained banks' ability to enter new markets. Over the subsequent 25 years, states gradually lifted these restrictions. This paper tests whether rents fostered by regulation were shared with labor, and whether firms were discriminating by sharing these rents disproportionately with male workers. We find that average compensation and average wages for banking employees fell after states deregulated. Male wages fell by about 12 percent after deregulation, whereas women's wages fell by only 3 percent, suggesting that rents were shared mainly with men. Women's share of employment in managerial positions also increased following deregulation.Citation
Black, Sandra, E., and Philip E. Strahan. 2001. "The Division of Spoils: Rent-Sharing and Discrimination in a Regulated Industry." 蝌蚪网 Review 91 (4): 814–831. DOI: 10.1257/aer.91.4.814JEL Classification
- J71 Labor Discrimination
- J31 Wage Level and Structure; Wage Differentials
- G21 Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
- G28 Financial Institutions and Services: Government Policy and Regulation
- L51 Economics of Regulation