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Big bad banks ? the impact of U.S. branch deregulation on income distribution, Volume 1
Author:Beck, Thorsten; Levine, Ross; Levkov, Alexey; Country:World;
Date Stored:2007/08/27Document Date:2007/08/01
Document Type:Policy Research Working PaperSubTopics:Emerging Markets; Economic Theory & Research; Inequality; ; Fiscal & Monetary Policy
Language:EnglishRegion:The World Region
Report Number:WPS4330Collection Title:Policy Research working paper ; no. WPS 4330
Volume No:1  

Summary: Policymakers and economists disagree about the impact of bank regulations on the distribution of income. Exploiting cross-state and cross-time variation, the authors test whether liberalizing restrictions on intra-state branching in the United States intensified, ameliorated, or had no effect on income distribution. The analysis finds that branch deregulation lowered income inequality by affecting labor market conditions, not by boosting the business income of the poor, nor by enhancing educational attainment. Reductions in the earnings gap between men and women and between skilled and unskilled workers account for the bulk of the explained drop in income inequality.

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