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<p>A defining feature of the US banking industry is the persistent stream of mergers and acquisitions. This paper explores an important public policy issue: does bank M&amp;A activity affect the income and employment dynamics of minority groups? Using 2005–2020 data from the ACS, we find that exposure to M&amp;A activity likely affects the incomes and hourly wages of Asians and Hispanics and is positively associated with the hours worked by Asians and Blacks. We find that M&amp;A activity is associated with an increase in the probability of Asians becoming self-employed and a decrease for Hispanics. Our findings are robust to the use of several identification strategies. These results are explained by the negative relationship between M&amp;A activity and small business lending and credit supply.</p>

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Consolidation of Banks and Its Impact on Minority-Income Dynamics

  • 期刊论文

  • 发表日期：

    2025年1月2日

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  • Salvador Contreras,
  • Amit Ghosh

摘要

A defining feature of the US banking industry is the persistent stream of mergers and acquisitions. This paper explores an important public policy issue: does bank M&A activity affect the income and employment dynamics of minority groups? Using 2005–2020 data from the ACS, we find that exposure to M&A activity likely affects the incomes and hourly wages of Asians and Hispanics and is positively associated with the hours worked by Asians and Blacks. We find that M&A activity is associated with an increase in the probability of Asians becoming self-employed and a decrease for Hispanics. Our findings are robust to the use of several identification strategies. These results are explained by the negative relationship between M&A activity and small business lending and credit supply.