Bank Fees, Aftermarkets, and Consumer Behavior

  title={Bank Fees, Aftermarkets, and Consumer Behavior},
  author={Robert M. Adams},
  journal={Board of Governors of the Federal Reserve System Research Series},
  • Robert M. Adams
  • Published 1 May 2017
  • Economics
  • Board of Governors of the Federal Reserve System Research Series
Fees for banking services have been a policy concern for over 20 years and the subject of several government agencies studies, which focused on the magnitude, incidence, or disclosure of such fees. Using a sample of single market banks, I study the relationship between market-level consumer characteristics and bank fee revenue, fees, and bank return on assets (ROA) to infer consumer and firm behavior. Of particular interest, I use county-level IRS tax records as a measure of the consumer income… 

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