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

Resource Type
Dataset : survey data
  • Emmons, William R. (Federal Reserve Bank of St. Louis)
  • Schmid, Frank A. (Federal Reserve Bank of St. Louis)
Other Title
  • Archival Version (Subtitle)
Publication Date
Free Keywords
credit unions; risk assessment; wages and salaries
  • Abstract

    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.
  • Table of Contents


    • DS1: Dataset
Geographic Coverage
  • United States
Collection Mode
  • (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.

This version of the study is no longer available on the web. If you need to acquire this version of the data, you have to contact ICPSR User Support (
Alternative Identifiers
  • 1202 (Type: ICPSR Study Number)
  • Is previous version of
    DOI: 10.3886/ICPSR01202.v1
  • Emmons, William R.. Wages and risk-taking in occupational credit unions: Theory nad evidence. Federal Reserve Bank of St. Louis Review.81, (2), 13-31.1999.

Update Metadata: 2015-08-05 | Issue Number: 6 | Registration Date: 2015-06-15

Emmons, William R.; Schmid, Frank A. (1999): Wages and Risk-Taking in Occupational Credit Unions: Theory and Evidence. Archival Version. Version: v0. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset.