U.S. Banking Deregulation, Small Businesses, and Interstate Insurance of Personal Income

Autor:	Yuliya Demyanyk, Charlotte Ostergaard, Bent E. Sørensen
Rok vydání:	2007
Předmět:	Economics and Econometrics Deregulation Personal income business.industry Accounting Financial system Financial deregulation Business Small business Income protection insurance Finance
Zdroj:	The Journal of Finance. 62:2763-2801
ISSN:	0022-1082
DOI:	10.1111/j.1540-6261.2007.01292.x
Popis:	We estimate the effects of deregulation of U.S. banking restrictions on interstate personal income insurance for the period 1970 to 2001. Interstate income insurance occurs when personal income reacts less than one-to-one to state-specific output shocks. We find that insurance improved after banking deregulation, with a larger effect in states where small businesses are more important and on proprietors' income than on other components of personal income. Our explanation centers on the role of banks as a prime source of small business finance and on the close intertwining of the personal and business finances of small business owners. Copyright 2007 by The American Finance Association.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::67750f53cbe380f25d0fff929795dc31 https://doi.org/10.1111/j.1540-6261.2007.01292.x Zobrazit plný text záznamu Plný text ve formátu PDF