Full Citation

Title: Effects of U.S. Banking Deregulation on Unemployment Dynamics

Citation Type: Working Paper

Publication Year: 2019

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Abstract: I use state-level banking deregulation in the U.S. to study the causal impact of credit expansion on unemployment through their effects on the average monthly job-finding and job-losing rates. State-level analysis shows that deregulation increased the average job-finding rate and decreased the job-losing rate, and thus led to a lower unemployment rate. Extending the analysis to industry-state level, I find that banking deregulation increased the job-finding rate similarly across industries, but they decreased job-losing rate only in industries with high external finance dependence. JEL Classification: E24, E44, G21, G28, J64; Tel: (225)578-5211. I thank Doug McMillin and Barton Willage for their valuable comments and suggestions.

Url: http://faculty.bus.lsu.edu/papers/pap19_04.pdfhttp://www.bus.lsu.edu/economics/

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Authors: Unel, Bulent

Series Title: Department of Economics Working Paper Series

Publication Number: 2019-04

Institution: LSU College of Business

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Data Collections: IPUMS CPS

Topics: Labor Force and Occupational Structure

Countries: United States