Big Bad Banks? The Winners and Losers from Bank Deregulation in the United States

Thorsten Beck, Ross Levine () and Alexey Levkov

Journal of Finance, 2010, vol. 65, issue 5, 1637-1667

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.

Date: 2010
References: Add references at CitEc
Citations: View citations in EconPapers (866)

Downloads: (external link)
https://doi.org/10.1111/j.1540-6261.2010.01589.x

Related works:
Working Paper: Big Bad Banks? The Winners and Losers From Bank Deregulation in the United States (2009)
Working Paper: Big Bad Banks? The Winners and Losers From Bank Deregulation in the United States (2009)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:jfinan:v:65:y:2010:i:5:p:1637-1667

Ordering information: This journal article can be ordered from
http://www.afajof.org/membership/join.asp

Access Statistics for this article

More articles in Journal of Finance from American Finance Association Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().