Full Citation
Title: The Effects of Access to Credit on Short Term Occupational Mobility
Citation Type: Dissertation/Thesis
Publication Year: 2020
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Abstract: This paper examines the effects of bank deregulation on short term occupational mobility. From the 70s to the 90s, regulations prohibiting intrastate mergers and acquisitions of banks were gradually lifted by individual states at different times. We exploit the staggered nature of this intrastate banking deregulation in order to evaluate the effects of increased access to credit on occupational mobility. We find no statistically significant results when evaluating the entire sample, but we find a significant decrease in mobility of black individuals in the second income quintile and a significant increase in mobility of black individuals in the fourth quintile. We see a general tendency of lower income individuals to be associated with a decrease in their occupational mobility following deregulation while higher income individuals are associated with an increase. This may fit into our access to credit hypothesis if higher income individuals are accessing credit more frequently in order to perform more expensive job switches while lower income individuals remain unable to access credit. In general we find few significant results for the broad sample and acknowledge that further research into more specific demographic categories is needed.
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Authors: Nielsen, Erik Randall
Institution: Miami University
Department: Department of Economics
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Pages: 1-47
Data Collections: IPUMS CPS
Topics: Labor Force and Occupational Structure
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