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

  title={Big Bad Banks ? The Impact of U . S . Branch Deregulation on Income Distribution},
  author={Thorsten Beck and Ross Levine and Alexey Levkov},
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

From This Paper

Figures, tables, and topics from this paper.


Publications referenced by this paper.
Showing 1-10 of 37 references

Did Branching Deregulation Accelerate Growth

  • Huang, Rocco
  • Journal of Financial Economics,
  • 2007

Finance and Inequality: Channels and Evidence, University of Amsterdam mimeo

  • Claessens, Stijn, Enrico Perotti
  • 2007

Finance and Opportunity: Financial Systems and Intergenerational Persistence of Relative Incomes, World Bank mimeo

  • Demirguc-Kunt, Asli, Ross Levine
  • 2007

Finance, Inequality and the Poor: Cross-Country Evidence

  • Beck, Thorsten, Asli Demirgüç-Kunt, Ross Levine
  • Journal of Economic Growth, forthcoming.
  • 2007

Oligarchic and Democratic Societies

  • Acemoglu, Daron
  • Journal of the European Economic Association…
  • 2007

Political Institutions and Financial Development: Evidence from the Political Economy of Banking Regulation in the New World Economies

  • Haber, Stephen
  • 2007

Selection, Investment, and Women’s Relative Wages Since 1975, Brown University mimeo

  • Mulligan, Casey, Yona Rubinstein
  • 2007

Specialization, Inequality, and the Labor Market for Married Women, Brown University Mimeo

  • Mulligan, Casey, Yona Rubinstein
  • 2007

Similar Papers

Loading similar papers…