Wages and Risk-Taking in Occupational Credit Unions: Theory and Evidence (ICPSR 1202)

Version Date: Aug 18, 1999

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Principal Investigator(s):
William R. Emmons, Federal Reserve Bank of St. Louis; Frank A. Schmid, Federal Reserve Bank of St. Louis

https://doi.org/10.3886/ICPSR01202.v1

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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.

Citation

Emmons, William R., and Schmid, Frank A. Wages and Risk-Taking in Occupational Credit Unions:  Theory and Evidence. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 1999-08-18. https://doi.org/10.3886/ICPSR01202.v1

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Distributor(s)

Inter-university Consortium for Political and Social Research
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Data Collection Notes

  1. (1) The files submitted for release are 9903ESP.ZIP, which unzips to the program files, 9903ESD.ZIP, which unzips to the data files, and Readme.doc, a description of the data files. (2) These data are part of ICPSR's Publication-Related Archive and are distributed exactly as they arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigator(s) if further information is desired.

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Original Release Date

1999-08-18

Version History

2018-02-15 The citation of this study may have changed due to the new version control system that has been implemented. The previous citation was:
  • Emmons, William R., and Frank A. Schmid. Wages and Risk-Taking in Occupational Credit Unions: Theory and Evidence. ICPSR01202-v1. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 1999-08-18. http://doi.org/10.3886/ICPSR01202.v1
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Notes

  • These data are flagged as replication datasets and are distributed exactly as they arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigator(s) if further information is desired.

  • The public-use data files in this collection are available for access by the general public. Access does not require affiliation with an ICPSR member institution.