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Title: Banking Deregulation and Consumption of Home Durables

Citation Type: Working Paper

Publication Year: 2022

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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 1989, we link the timing of these reforms with evidence of a credit expansion and household responses on many margins. We find evidence that low-income households are more likely to purchase new appliances after the deregulation. These durable goods allowed households to consume less natural gas and spend less time in domestic activities after the reforms.

Url: https://www.econstor.eu/bitstream/10419/249744/1/1788632079.pdf

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Authors: Damar, H. Evren; Lange, Ian; Mckennie, Caitlin; Moro, Mirko

Series Title: IWH Discussion Papers

Publication Number: 4/2022

Institution: Leibniz-Institut für Wirtschaftsforschung Halle (IWH)

Pages: 1-47

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Data Collections: IPUMS Time Use - AHTUS

Topics: Housing and Segregation, Poverty and Welfare

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