What is the effect of mortgage debt reductions that reduce payments in the long-term but not in the short-term? In a new paper using data from a recent government…
This paper empirically and theoretically analyzes the effect of debt reductions that reduce long-term but not short-term obligations. Isolating the effect of future…
Rapid and widespread gentrification in US neighborhoods in recent decades has provoked debate over its relationship to neighborhood racial and ethnic composition. Empirical…
Foreclosures disproportionately hit minority neighborhoods across the U.S. during the housing crisis. In Boston, over 80 percent of foreclosures took place in just five of…
W15-1: This study examines trajectories of foreclosed properties in areas severely impacted by the foreclosure crisis and their association with local crime and disorder…