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Credit market competition and the gender gap in labor force participation: Evidence from local markets
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Credit market competition and the gender gap in labor force participation: Evidence from local markets

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  • Popov, Alexander
  • Zaharia, Sonia

Abstract

We exploit the exogenous variation in regional credit market competition brought on by banking deregulation to study the evolution of the gender gap in labor force participation in local US markets. We find that intrastate deregulation increased substantially female labor force participation rates, owing to three separate mechanisms: an increase in the rates of net job creation by private firms, an expansion of services-producing sectors, and an increase in the share of jobs requiring female-specific skills. This effect is robust to controlling for a range of socio-economic developments, as well as for a US-wide gender-specific trend. Overall, intrastate deregulation reduced the gender gap in labor force participation by at least 7.5%.

Suggested Citation

  • Popov, Alexander & Zaharia, Sonia, 2019. "Credit market competition and the gender gap in labor force participation: Evidence from local markets," European Economic Review, Elsevier, vol. 115(C), pages 25-59.
    • Handle: RePEc:eee:eecrev:v:115:y:2019:i:c:p:25-59
    DOI: 10.1016/j.euroecorev.2019.02.009
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    More about this item

    Keywords

    Bank deregulation; Gender gap; Labor force participation;
    All these keywords.

    JEL classification:

    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination
    • J22 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Time Allocation and Labor Supply

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