Big Bad Banks? The Impact of U.S. Branch Deregulation on Income Distribution

• Tác giả: Ross Levine
• Ngôn ngữ: eng
• Ký hiệu phân loại: 339.2 Distribution of income and wealth
• Thông tin xuất bản: World Bank, Washington, DC, 2012
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 328066
• Chủ đề: 1. ACCOUNTING; 2. ADVERSE EFFECTS; 3. AGGREGATE GROWTH; 4. ATMS; 5. AVERAGE INCOME

Tóm tắt

Policymakers and economists disagree about the impact of bank regulations on the distribution of income. Exploiting cross-state and cross-time variation, the authors test whether liberalizing restrictions on intra-state branching in the United States intensified, ameliorated, or had no effect on income distribution. The analysis finds that branch deregulation lowered income inequality by affecting labor market conditions, not by boosting the business income of the poor, nor by enhancing educational attainment. Reductions in the earnings gap between men and women and between skilled and unskilled workers account for the bulk of the explained drop in income inequality.