Levine, Ross; Rubinstein, Yona; Levkov, Alexey - In: Critical Finance Review 3 (2014) 1, pp. 1-48
We use the cross-state, cross-time variation in bank deregulation across the U.S. states to assess how improvements in … banking systems affected the labor market opportunities of black workers. Bank deregulation from the 1970s through the 1990s … have sufficiently strong racial biases, deregulation-induced improvements in the banking system boosted black workers …