The effects of credit on high school graduation: Evidence from U.S. bank branching deregulation

Patrick Reilly

The Quarterly Review of Economics and Finance, 2020, vol. 75, issue C, 109-119

Abstract: Credit markets affect the real economy in multiple ways. This paper utilizes variation in the timing of bank branching deregulation of 39 states between 1970 and 1994 as an exogenous proxy of credit availability to analyze the link between credit markets and educational outcomes. Using CPS data to estimate reduced form models, results indicate a one percentage point increase in the likelihood of graduating high school after bank branching deregulation. Results also suggest heterogeneity of effects over race. The main findings are robust to placebo tests using false deregulation dates.

Keywords: Bank branching deregulation; Credit availability; High school graduation (search for similar items in EconPapers)
JEL-codes: G21 G28 I21 I24 J2 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:eee:quaeco:v:75:y:2020:i:c:p:109-119

DOI: 10.1016/j.qref.2019.05.012

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