Does marriage equality promote credit access? Evidence from same-sex marriage laws
نویسندگان
چکیده
We show that following the legalization of same-sex marriage across US states, mortgage applications from borrowers are more likely to be denied relative a matched sample different-sex borrowers. Our findings robust using stacked regression design and several approaches account for compositional changes in pool applicants around legalization. FinTech lenders, which rely less on human loan officers, experience no change denial gap. results highlight information frictions between officers as one channel increased gap applications.
منابع مشابه
The Effect of Same-sex Marriage Laws on Different-sex Marriage: Evidence from the Netherlands
Title of dissertation: THE EFFECT OF SAME-SEX MARRIAGE LAWS ON DIFFERENT-SEX MARRIAGE: EVIDENCE FROM THE NETHERLANDS Mircea Ştefan Trandafir, Doctor of Philosophy, 2009 Dissertation directed by: Professor Judith K. Hellerstein Department of Economics It has long been argued that the legalization of same-sex marriage would have a negative impact on marriage. My dissertation examines what happene...
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It has long been argued that the legalization of same-sex marriage would have a negative impact on marriage. In this article, I examine how different-sex marriage in the Netherlands was affected by the enactment of two laws: a 1998 law that provided all couples with an institution almost identical to marriage (a "registered partnership") and a 2001 law that legalized same-sex marriage for the f...
متن کاملAn Economic Assessment of Same-sex Marriage Laws
This Article argues that marriage is an economically efficient institution, designed and evolved to regulate incentive problems that arise between a man and a woman over the life cycle of procreation. As such, its social and legal characteristics will provide a poor match for the incentive problems that arise in the two distinctly different relationships of gay and lesbian couples. Forcing all ...
متن کاملCahier de Recherche / Working Paper 09-23 The effect of same-sex marriage laws on different-sex marriage: Evidence from the Netherlands
In this paper, I examine what happened to different-sex marriage in the Netherlands after two laws that introduced registered partnership (an institution almost identical to marriage) in 1998 and same-sex marriage in 2001. I first construct a synthetic control for the Netherlands using OECD data for 1988–2005 and find that neither law had significant effects on either the overall or different-s...
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ژورنال
عنوان ژورنال: Journal of Corporate Finance
سال: 2022
ISSN: ['0929-1199', '1872-6313']
DOI: https://doi.org/10.1016/j.jcorpfin.2022.102315