Big Bad Banks ? The Impact of U . S . Branch Deregulation on Income Distribution

@inproceedings{Beck2007BigBB,
  title={Big Bad Banks ? The Impact of U . S . Branch Deregulation on Income Distribution},
  author={Thorsten Beck and Ross Levine and Alexey Levkov},
  year={2007}
}
Policymakers and economists disagree about the impact of bank regulations on the distribution of income. Exploiting cross-state and cross-time variation, we test whether liberalizing restrictions on intra-state branching in the United States intensified, ameliorated, or had no effect on income distribution. We find that branch deregulation lowered income inequality. Deregulation lowered income inequality by affecting labor market conditions, not by boosting the business income of the poor, nor… CONTINUE READING

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