Bank deregulation
Small bank asset share of all banking assets in the state
Indicator is 1 if state changes bank insurance powers
Year of bank branch deregulation
Capital ratio of small banks relative to large in the state
Last year in the sample before deregulation (from Kroszner and Strahan 1999)
Share of state government controlled by Democrats
Small firm share of the number of firms in the state
Gini index of income inequality
Per capita Gross State Product (2000 dollars)
Growth rate of per capita Gross State Product (2000 dollars)
Relative size of insurance
Indicator is 1 if banks may sell insurance in the state
Relative size of insurance in states where banks may sell insurance, 0 otherwise
Relative size of insurance in states where banks may not sell insurance, 0 other
=1 if from Kroszner and Strahan (1999) sample
Average yield on bank loans in the state minus Fed funds rate
Population dispersion in 1960
Population (persons)
Proportion blacks
Proportion high-school dropouts
Proportion female-headed households
Regional indicator 1 (from Kroszner and Strahan 1999)
Regional indicator 2 (from Kroszner and Strahan 1999)
Regional indicator 3 (from Kroszner and Strahan 1999)
=1 if banks were allowed to sell insurance
Small bank asset share of all banking assets in state
State postal code
State name
State FIPS code
Theil index of income inequality
Unemployment rate
Indicator is 1 if state controlled by one party
Indicator is 1 if state has unit banking law
=1 if unit banking state
Year