Effects of US Banking Deregulation on Unemployment Dynamics

Bulent Unel ()

Departmental Working Papers from Department of Economics, Louisiana State University

Abstract: I use state-level banking deregulation in the U.S. to study the causal impact of credit expansion on unemployment through their effects on the average monthly job-finding and job-losing rates. State-level analysis shows that deregulation increased the average job-finding rate and decreased the job-losing rate, and thus led to a lower unemployment rate. Extending the analysis to industry-state level, I find that banking deregulation increased the job-finding rate similarly across industries, but they decreased job-losing rate only in industries with high external finance dependence.

Date: 2019-05
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https://www.lsu.edu/business/economics/files/workingpapers/pap19_04.pdf (application/pdf)

Related works:
Journal Article: Effects of U.S. Banking Deregulation on Unemployment Dynamics (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:lsu:lsuwpp:2019-04

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