We extend the study of banking equilibrium in Berentsen, Camera and Waller (2007) by introducing an explicit production function for banks. Banks employ labor resources, hired on a competitive market, to run their operations. In equilibrium this generates a spread between interest rates on loans...

At the JPMorgan Chase Institute, we aim to publish generalizable insights that are representative of the overall US population. To do this, we require a method to reweight research based on key characteristics, with income foremost among them. Given that we do not have full coverage of income...

We extend the study of banking equilibrium in Berentsen, Camera and Waller (2007) by introducing an explicit production function for banks. Banks employ labor resources, hired on a competitive market, to run their operations. In equilibrium this generates a spread between interest rates on loans...

The paper investigates the impact of merger and acquisition (M&A) on local labor market. We find a positive spillover effect of bank merger events on local bank wage. The positive effectincreases for in-market or high synergy mergers, and strengthens when a local market is competitive, dominated...