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Unbanked Households: Evidence of Supply-Side Factors


Célérier, Claire Myriam; Matray, Adrien (2014). Unbanked Households: Evidence of Supply-Side Factors. SSRN 2392278, University of Zurich.

Abstract

This paper provides evidence that supply-side factors significantly drive the high share of unbanked households. Using interstate branching deregulation in the U.S. after 1994 as an exogenous shock, we show that an increase in bank competition is associated with a large drop in the share of unbanked households. The effect is even stronger for populations that are more likely to be rationed by banks, such as black households living in ``high racial bias'' states. The improved access to bank accounts leads to higher savings rates but does not translate to higher levels of indebtedness.

This paper provides evidence that supply-side factors significantly drive the high share of unbanked households. Using interstate branching deregulation in the U.S. after 1994 as an exogenous shock, we show that an increase in bank competition is associated with a large drop in the share of unbanked households. The effect is even stronger for populations that are more likely to be rationed by banks, such as black households living in ``high racial bias'' states. The improved access to bank accounts leads to higher savings rates but does not translate to higher levels of indebtedness.

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Additional indexing

Item Type:Working Paper
Communities & Collections:03 Faculty of Economics > Department of Banking and Finance
Dewey Decimal Classification:330 Economics
Language:English
Date:15 September 2014
Deposited On:23 Sep 2014 15:47
Last Modified:05 Apr 2016 18:22
Series Name:SSRN
Other Identification Number:merlin-id:10086
Permanent URL: https://doi.org/10.5167/uzh-98767

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