Elections, Political Races, and Mortgage Credit Market
In this paper, we study the effects of elections on the changes in the supply of mortgage credits around elections. According to the literature, politicians have incentives to change economic policies in order to attract voters. We consider a particular type of credit offered through financial institutions and a specific kind of election: mortgage credits supply and Gubernatorial elections. Using the outcomes of more than 400 million mortgage applications from 2000 to 2016, we conduct a spatial regression discontinuity design and explore the financial consequences of gubernatorial elections. We focus on census tracts adjacent to one another yet in two different states. We find that census tracts in states where gubernatorial elections are held and governors have full control over both chambers of state legislatures, lending growth rates increase dramatically. Our results are robust to different specifications
Year of publication: |
2023
|
---|---|
Authors: | Tayebi, Amir |
Publisher: |
[S.l.] : SSRN |
Subject: | Hypothek | Mortgage | Ethnische Diskriminierung | Ethnic discrimination | Wahl | Election | Kreditmarkt | Credit market | Wahlverhalten | Voting behaviour | Schwarze Menschen | Black people |
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