Banking deregulation and household consumption of durables / H. Evren Damar, Ian Lange, Caitlin McKennie, Mirko Moro
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Banking deregulation and household consumption of durables
Discovery
1735711136
URN
urn:nbn:de:gbv:3:2-127205
DOI
ISBN
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Publication history
Halle (Saale), Germany : Halle Institute for Economic Research (IWH) - Member of the Leibniz Association, [15. Oktober 2020]
Content
1 Online-Ressource (III, 34 Seiten, 2,47 MB)
Edition
Language
eng
Comment
Abstract
We exploit the spatial and temporal variation of the staggered introduction of interstate banking deregulation across the U.S. to study the relationship between credit constraints and consumption of durables. Using the American Housing Survey from 1981 to 1993, we link the timing of these reforms with evidence of a credit expansion and household responses on many margins. We find robust evidence that households are more likely to purchase new appliances and invest in home renovations and modifications after the deregulation. These durable goods allowed households to consume less electricity and spend less time in domestic activities after the reforms.
Series
IWH-Diskussionspapiere ; 2020, no. 18 (October 2020) ppn:837399270