for bank workers by up to 8 percentage points, with wage reductions occurring uniformly across the wage distribution …. Deregulation had no measurable effect on employment within the banking industry, and no direct effect on banking … increased competition will lower the racial wage gap, we find that deregulation increased the wage gap between black and white …

studies the impact of credit market development on employment. This paper documents the significant effects of these reforms … on employment growth. Potential channels between finance and employment are also investigated. Changes in the growth of … employment growth following the reforms. The reforms had a substantially higher impact in industries with higher labor intensity …