These rents may be shared with consumers through an overextension of credit and underpricing of risk, employees in the form of higher wage-productivity differentials and other stakeholders involved in banks' business (Denk et al., The transmission of some of the financial sector rents to employees requires bargaining power on the part of financial sector workers, since otherwise financial institutions would pay the competitive wage. Rents can be transmitted to financial sector workers in two ways: wage premia and overskilling. Wage premia are analysed in this section, overskilling is the subject of the next section.