, between-establishment inequality increased dramatically. Deregulation also led to increases in inequality among managers …This paper asks how deregulation intended to promote competition in the commercial banking industry affected the … over time to identify the effects of deregulation. Banking deregulation had no effect on compensation levels or inequality …

"The deregulation of the banking industry during the 1990s provides a natural (public policy) experiment for …, capital structure, and investment opportunity set. Consistent with theoretical predictions, we find that after deregulation … these relationships become more powerful in our post- deregulation period"--Federal Reserve Bank of Chicago web site …