Citation

Kim DS, Lee J, Choi BG. Econ. Lett. 2022; 219.

Copyright

(Copyright © 2022, Elsevier Publishing)

DOI

10.1016/j.econlet.2022.110831

PMID

unavailable

Abstract

This study examines how credit supply affects a household's long-term subjective well-being, measured by suicide deaths. Using the banking deregulation in the U.S. as a quasi-natural experiment, we find that enhanced credit supply reduces households' suicide deaths. The effects are more remarkable in the areas with higher income inequality and higher financial literacy. Overall, our results highlight the real effects of credit conditions on households' long-term subjective well-being, which has important policy implications. © 2022

Language: en

Keywords

Subjective well-being; Banking deregulation; Credit supply