Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/281193 
Year of Publication: 
2023
Series/Report no.: 
IWH Discussion Papers No. 24/2023
Publisher: 
Halle Institute for Economic Research (IWH), Halle (Saale)
Abstract: 
We study the impact of stricter and more harmonized banking regulation along the income distribution using household survey data for 25 EU countries. Exploiting country-level heterogeneity in the implementation of European Banking Union directives allows us to control for confounders and identify effects. Our results show that these regulatory reforms aimed at increasing financial system resilience affected households heterogeneously. More stringent regulation reduces income growth for low-income households due to employment exits. Yet it tends to increase growth rates at the top of the distribution both for employee and self-employed income.
Subjects: 
distributional effects
EU-SILC microdata
financial regulation
income inequality
JEL: 
D31
G21
G28
G50
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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