TY  - RPRT
        AU  - Kim, Mee Jung
AU  - Lee, Kyung Min
AU  - Earle, John S.
        TI  - Does the Community Reinvestment Act Increase Small Business Lending in Lower Income Neighborhoods?
        PY  - 2021/Aug/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 14681
        UR  - https://www.iza.org/index.php/publications/dp14681
        AB  - 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.
        KW  - community reinvestment act
KW  - small business lending
KW  - financial constraints
KW  - lower income neighborhood
        ER  -