@TechReport{iza:izadps:dp14681,
            	author={Kim, Mee Jung and Lee, Kyung Min and Earle, John S.},
            	title={Does the Community Reinvestment Act Increase Small Business Lending in Lower Income Neighborhoods?},
            	year={2021},
	month={Aug},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={14681},
            	url={https://www.iza.org/index.php/publications/dp14681},
	abstract={We estimate the impact of the Community Reinvestment Act (CRA) on small business lending in lower-income neighborhoods. Using 2004-2016 panel data on census tracts, we apply a combined regression discontinuity and fixed effect method. We find that the number of small business loans increases by about 3 to 4 percent and the total dollar amount of small business loans by about 6 to 10 percent in tracts becoming treated by the CRA. The results are robust along many dimensions and suggest that the CRA has a positive impact on access to finance for small businesses in lower income areas.},
	keywords={community reinvestment act;small business lending;financial constraints;lower income neighborhood},
            }