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Credit towards graduation: The impact of US bank deregulation on human capital accumulation

机译:毕业学分:美国银行放松管制对人力资本积累的影响

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Credit markets affect the real economy. It is important to identify unintended consequences of financial policies. This paper studies the impact of bank branching deregulation on high school graduation. The use of National Longitudinal Survey of Youth 1979 geocoded data focuses the results on three deregulations: Ohio in 1979, Connecticut in 1980, and Alabama in 1981. Discontinuities in treatment assignment at borders between deregulated states and regulated states identify the effect of banking deregulation on high school graduation. Using a regression discontinuity type set up called differences-in-discontinuities, results indicate significant increases in the likelihood of high school graduation for treated individuals. Analysis provides evidence of heterogeneous effects of bank branching deregulation based on skill level and income level.
机译:信贷市场影响真正的经济。重要的是确定财务政策的意想不到的后果。本文研究了银行分支放松管制对高中毕业的影响。美国国家纵向调查的使用1979年的地理典范数据集中了解了三项失调的结果:1979年,康涅狄格州于1980年,1981年的阿拉巴马州。在解除管制国家和监管国家之间的界边处的治疗分配不连续性确定了银行管制失品的影响高中毕业。使用回归不连续性类型设置称为差异差异,结果表明高中毕业治疗人员的可能性显着增加。分析提供了基于技能水平和收入水平的银行分支放松管制的异质效果的证据。

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