Work

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

Year: 1999

Type: article

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.

DOI: 10.20955/r.81.13-32

Authors: Frank A. Schmid, William R. Emmons

Language: English

Topic: Financial Literacy, Pension, Retirement Analysis

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: gold

OpenAlex ID: W1537029398

FWCI: 9.989

Cites: 31

Cited by: 15

Related to: 10