Labour and control shifts: financial services in US metro areas, 2007–17

Michael Urban, Dariusz Wójcik, Vladimír Pažitka and Wei Wu

Regional Studies, 2023, vol. 57, issue 7, 1254-1266

Abstract: We use a triangulation approach combining data on mergers and acquisitions and the labour market with 66 interviews to tease out a decade of changes (2007–17) in corporate control and employment in financial services across 47 major US metropolitan areas. Our results show that while corporate control is rapidly shifting and concentrating within a financial-cum-technological axis of first-tier cities, which we coin the Northeastern Corridor–Bay Area axis, with New York and San Francisco in the lead, significant employment growth took place in second- and third-tier cities, such as Jacksonville, Florida, signalling a changing spatial division of labour in US finance.

Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/00343404.2022.2120976 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:regstd:v:57:y:2023:i:7:p:1254-1266

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/CRES20

DOI: 10.1080/00343404.2022.2120976

Access Statistics for this article

Regional Studies is currently edited by Ivan Turok

More articles in Regional Studies from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().