Banking deregulation and consumption of home durables / H. Evren Damar, Ian Lange, Caitlin McKennie, Mirko Moro
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Discovery
1788632079
URN
urn:nbn:de:gbv:3:2-146428
DOI
ISBN
ISSN
Autorin / Autor
Beiträger
Körperschaft
Erschienen
Halle (Saale), Germany : Halle Institute for Economic Research (IWH) - Member of the Leibniz Association, [31. Januar 2022]
Umfang
1 Online-Ressource (III, 43 Seiten, 0,94 MB) : Diagramme
Ausgabevermerk
Sprache
eng
Anmerkungen
Inhaltliche Zusammenfassung
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 1989, we link the timing of these reforms with evidence of a credit expansion and household responses on many margins. We find evidence that low-income households are more likely to purchase new appliances after the deregulation. These durable goods allowed households to consume less natural gas and spend less time in domestic activities after the reforms.
Schriftenreihe
IWH-Diskussionspapiere ; 2022, no. 4 (January 2022) ppn:837399270