DEMYANYK, YULIYA; OSTERGAARD, CHARLOTTE; SØRENSEN, BENT E. - In: Journal of Finance 62 (2007) 6, pp. 2763-2801
We estimate the effects of deregulation of U.S. banking restrictions on interstate personal income insurance for the period 1970 to 2001. Interstate income insurance occurs when personal income reacts less than one-to-one to state-specific output shocks. We find that insurance improved after...