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The Resource Wages and Risk-Taking in Occupational Credit Unions: Theory and Evidence

Wages and Risk-Taking in Occupational Credit Unions: Theory and Evidence

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Wages and Risk-Taking in Occupational Credit Unions: Theory and Evidence
Title
Wages and Risk-Taking in Occupational Credit Unions: Theory and Evidence
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Summary
Most occupational credit unions serve (in part) as a means for corporate sponsors to deliver tax-favored benefits to their employees. Credit union managers administer this transfer of benefits, but their performance is difficult to measure, particularly in larger credit unions. In this article, the authors develop a model of efficiency wages and optimal risk-taking and then provide empirical evidence from a large sample of occupational credit unions. Higher wage expenses are found in larger credit unions. In addition, the authors find a negative relationship between credit union size and risk-taking. They also find that local deposit-market concentration is a significant factor in explaining wage costs and risk-taking in occupational credit unions
http://library.link/vocab/creatorName
  • Emmons, William R
  • Inter-university Consortium for Political and Social Research [distributor]
http://library.link/vocab/relatedWorkOrContributorName
Schmid, Frank A.
Label
Wages and Risk-Taking in Occupational Credit Unions: Theory and Evidence
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Publication
Note
1202
Control code
ICPSR01202.v1
Governing access note
Access restricted to subscribing institutions
Label
Wages and Risk-Taking in Occupational Credit Unions: Theory and Evidence
Publication
Note
1202
Control code
ICPSR01202.v1
Governing access note
Access restricted to subscribing institutions

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