Factors affecting the location of payday lending and traditional banking services in North Carolina

Mark Burkey and Scott Simkins

MPRA Paper from University Library of Munich, Germany

Abstract: Payday lending is a relatively new and fast growing segment of the “fringe banking” industry. This paper offers a comparative, descriptive analysis of the location patterns of traditional banks and payday lenders. Utilizing a dataset at the Zip Code Tabulation Area level in North Carolina, we perform negative binomial regressions and find evidence supporting some, but not all common assertions about the location patterns of both types of institutions. A key finding is that after controlling for many covariates, race is still a powerful predictor of the locations of both banks and payday lenders.

Keywords: payday lending; fringe banking; location analysis (search for similar items in EconPapers)
JEL-codes: C21 L89 R10 (search for similar items in EconPapers)
Date: 2004
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Citations: View citations in EconPapers (29)

Published in The Review of Regional Studies 2.34(2004): pp. 191-205

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:36043

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