Exposure to Danatbank is coded as above-average exposure or a city branch.

Evidence

The dependent variable is the change or level in city-level unemployment rates across different years. The dummy danat takes on a value of one if a city has above-average exposure or a branch of Danatbank. u-rate denotes the unemployment rate. Controls include log population, share blue collar, share protestant, share Jewish, all of 1925. Standard errors are robust. — Sebastian Doerr et al., Financial Crises and Political…, 291

Categorization

• DEFINE: The danat dummy is defined as above-average exposure to Danatbank or presence of a Danatbank branch — the exact operationalization of the book’s key independent variable.
• QUESTION: Does the ‘above-average exposure OR branch’ coding conflate two distinct treatment intensities? Worth checking whether the main result holds under each definition separately.
• XREF: connects to: Danat exposure is measured as above-average exposure or presence of a branch — Sebastian Doerr et al., Financial Crises and Political…, 261; The study measures Danatbank exposure through firm connections and branch presence. — Sebastian Doerr et al., Financial Crises and Political…, 79