Impact of Community Reinvestment Act on Minority and Female Employment Growth

In this paper, we examine how the Community Reinvestment Act (CRA) affected minority and female employment from 2012 to 2019. We also investigate whether the effects varied between metro and nonmetro areas. We combine demographic and income data from the American Community Survey (ACS) with employment data from the Census Longitudinal Employer- Household Dynamics Local Origin-Destination Employment Statistics (LODES). In order to determine the causal effects of the CRA on employment growth outcomes, a quasi-experimental study approach is used. According to the statistically significant findings, the CRA designation increased residence-based employment in CRA designated tracts, including job growth for female and minority groups. Additionally, we observe that these effects were higher in tracts located in non-metropolitan areas compared to metro areas.

Authors: Luyi Han, Yuxuan Pan, Stephan J. Goetz, Anil Rupasingha

Publication: Presented at 2023 Agricultural and Applied Economics Association Meeting   Date Published: July 23, 2023

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