Demyanyk, Yuliya; Ostergaard, Charlotte; Sørensen, Bent E. - Norges Bank - 2006
We estimate the effects of deregulation of U.S. banking restrictions on the amount of interstate personal income insurance during the period 1970–2001. Interstate income insurance occurs when personal income reacts less than one-to-one to state-specific shocks to output. We find that income...