Banking deregulation and consumption of home durables

Evren Damar, Ian Lange, Caitlin McKennie and Mirko Moro

No 4/2022, IWH Discussion Papers from Halle Institute for Economic Research (IWH)

Abstract: We exploit the spatial and temporal variation of the staggered introduction of interstate banking deregulation across the U.S. to study the relationship between credit constraints and consumption of durables. Using the American Housing Survey from 1981 to 1989, 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. These durable goods allowed households to consume less natural gas and spend less time in domestic activities after the reforms.

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: 2022
New Economics Papers: this item is included in nep-ban, nep-ene and nep-reg
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Journal Article: Banking deregulation and consumption of home durables (2024)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:iwhdps:42022

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