Replication data for: The Distributive Impacts of Financial Development: Evidence from Mortgage Markets during US Bank Branch Deregulation

Principal Investigator(s): View help for Principal Investigator(s) Ishani Tewari

Name	File Type	Size	Last Modified
BLL			12/07/2019 02:09:PM
CPS			12/07/2019 02:10:PM
HMDA			12/07/2019 02:09:PM
HMDA-SUMD			12/07/2019 02:06:PM
MIRS			12/07/2019 02:13:PM
README.txt	text/plain	1.2 KB	12/07/2019 09:06:AM

Project Description

Summary: Well-functioning credit markets play a key role in boosting overall economic growth, but their impact on distributional outcomes is much less clear. I use a quasi-experimental setting provided by branch banking deregulation, an important episode of US financial development, to study the distributive impacts of finance. Following removal of geographic restrictions on banks in the 1980s and early 1990s, mortgage access increased for lower-middle income groups, young, and also black households. These effects were driven by commercial banks, the only financial institutions subject to the policy. Banks' new screening technologies may have been responsible for this expansion of credit.

Scope of Project

JEL Classification:
      D14 Household Saving; Personal Finance
      D31 Personal Income, Wealth, and Their Distributions
      G12 Asset Pricing; Trading Volume; Bond Interest Rates
      G28 Financial Institutions and Services: Government Policy and Regulation

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Published Versions

V1 [2019-12-07]

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