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Unbanked Households: Evidence of Supply-Side Factors

Author

Listed:
  • Matray , Adrien
  • Celerier , Claire

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, the authors show that an increase in bank competition is associated with a large drop in the share of unbanked households. The authors find that 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.

Suggested Citation

  • Matray , Adrien & Celerier , Claire, 2014. "Unbanked Households: Evidence of Supply-Side Factors," HEC Research Papers Series 1039, HEC Paris.
    • Handle: RePEc:ebg:heccah:1039
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    File URL: http://ssrn.com/abstract=2392278
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    Citations

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    Cited by:

    1. José Azar & Sahil Raina & Martin Schmalz, 2022. "Ultimate ownership and bank competition," Financial Management, Financial Management Association International, vol. 51(1), pages 227-269, March.
    2. Miguel Ampudia & Michael Ehrmann, 2016. "Financial Inclusion—What’s it Worth?," Staff Working Papers 16-30, Bank of Canada.

    More about this item

    Keywords

    Banks; Regulation; Imperfect Competition; Household Finance; Discrimination;
    All these keywords.

    JEL classification:

    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • D43 - Microeconomics - - Market Structure, Pricing, and Design - - - Oligopoly and Other Forms of Market Imperfection
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • J15 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Minorities, Races, Indigenous Peoples, and Immigrants; Non-labor Discrimination

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