Banking deregulation and consumption of home durables

Arbeitspapier

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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: IWH Discussion Papers ; No. 4/2022

Classification and Topics

• Classification: Wirtschaft ; Consumer Economics: Empirical Analysis ; Energy: Demand and Supply; Prices
• Subject: banking deregulation ; credit constraints ; energy consumption ; durable goods

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Damar, H. Evren ; Lange, Ian ; McKennie, Caitlin ; Moro, Mirko
• Event: Veröffentlichung
• (who): Halle Institute for Economic Research (IWH)
• (where): Halle (Saale)
• (when): 2022

Further information

• Handle: http://hdl.handle.net/10419/249744
• Last update: 10.03.2025, 11:45 AM CET