Banking deregulation and consumption of home durables

Evren Damar, Ian Lange, Caitlin McKennie () and Mirko Moro
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Caitlin McKennie: Colorado School of Mines

Climatic Change, 2024, vol. 177, issue 3, No 4, 20 pages

Abstract: Abstract We exploit the introduction of interstate banking deregulation across the U.S. to study the relationship between credit constraints and consumption of durables and energy use. Using the American Housing Survey, 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; however, this did not increase energy consumption. The results are informative for policymakers who would like households to purchase new durable goods that use less energy.

Keywords: Banking deregulation; Credit constraints; Energy consumption; Durable goods (search for similar items in EconPapers)
JEL-codes: D12 G2 Q41 (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1007/s10584-024-03692-8

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