Banking market deregulation and mortality inequality

Iftekhar Hasan, Thomas Krause, Stefano Manfredonia and Felix Noth

No 14/2022, Bank of Finland Research Discussion Papers from Bank of Finland

Abstract: This paper shows that local banking market conditions affect mortality rates in the United States. Exploiting the staggered relaxation of branching restrictions in the 1990s across states, we find that banking deregulation decreases local mortality rates. This effect is driven by a decrease in the mortality rate of black residents, implying a decrease in the black-white mortality gap. We further analyze the role of mortgage markets as a transmitter between banking deregulation and mortality and show that households' easier access to finance explains mortality dynamics. We do not find any evidence that our results can be explained by improved labor outcomes.

Keywords: Banking Deregulation; Mortality; Racial Inequality (search for similar items in EconPapers)
JEL-codes: G21 I14 I15 (search for similar items in EconPapers)
Date: 2022
New Economics Papers: this item is included in nep-ban, nep-fdg and nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:bofrdp:142022

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