Full Citation

Title: Banking Deregulation and Household Consumption of Durables

Citation Type: Working Paper

Publication Year: 2020

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DOI: http://nbn-resolving.de/urn:nbn:de:gbv:3:2-127205

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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 1993, we link the timing of these reforms with evidence of a credit expansion and household responses on many margins. We find robust evidence that households are more likely to purchase new appliances and invest in home renovations and modifications after the deregulation. These durable goods allowed households to consume less electricity and spend less time in domestic activities after the reforms.

Url: http://hdl.handle.net/10419/225082

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Authors: Damar, Evren; Lange, Ian; McKennie, Caitlin; Moro, Mirko

Series Title: IWH Discussion Papers

Publication Number: 18/2020

Institution: Halle Institute for Economic Research

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Publisher Location: Halle, Germany

Data Collections: IPUMS Time Use - AHTUS

Topics: Other

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