Key points are not available for this paper at this time.
ABSTRACT We assess the impact of bank deregulation on the distribution of income in the United States. From the 1970s through the 1990s, most states removed restrictions on intrastate branching, which intensified bank competition and improved bank performance. Exploiting the cross‐state, cross‐time variation in the timing of branch deregulation, we find that deregulation materially tightened the distribution of income by boosting incomes in the lower part of the income distribution while having little impact on incomes above the median. Bank deregulation tightened the distribution of income by increasing the relative wage rates and working hours of unskilled workers.
Building similarity graph...
Analyzing shared references across papers
Loading...
Thorsten Beck
Ross Levine
Alexey Levkov
The Journal of Finance
University of Virginia
Goethe University Frankfurt
Tilburg University
Building similarity graph...
Analyzing shared references across papers
Loading...
Beck et al. (Tue,) studied this question.
www.synapsesocial.com/papers/69d7654ef182769aa8b8b012 — DOI: https://doi.org/10.1111/j.1540-6261.2010.01589.x