"Downsizing for efficiency"or"streamlining the administration":the effects of FinTech on the employment of commercial banks
Based on the panel data of 19 listed banks from 2014 to 2021,this paper studies the impact of FinTech on the employment of commercial banks and its mechanism.The results show that the develop-ment of FinTech has a negative impact on the number of bank employment,while it has a positive impact on the skill structure and quality of bank employment.Heterogeneity analysis shows that the impact of FinTech development on the employment of commercial banks is more significant in the samples of listed banks with state ownership,large asset scale and FinTech subsidiaries.Mechanism analysis shows that the application of FinTech reduces the demand for labor by improving cost efficient,in order to achieve staff reduction and efficiency increase.At the same time,FinTech optimizes the skill structure of employment through the allo-cation of technological capital factors,and improves quality of employment by improving income efficiency,so as to alleviate the risk of downsizing and play the employment promotion role of streamlining the adminis-tration.
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