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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…

Following the rise and fall in the homeownership rate over the past two decades, considerable uncertainty exists about the future trajectory of the homeownership rate. This…

The decade-long decline in the homeownership rate in the United States has generated substantial discussion over its future path. In the face of continued uncertainty, this…

The housing crisis and ensuing Great Recession of the late 2000s resulted in millions of homeowners losing their homes to foreclosure and millions more losing substantial…

Between 2004 and 2014, aggregate outstanding student loan debt has more than tripled in real value. Even as households shed other types of non-housing-related debt, student…

W15-2: Changing socio-demographic characteristics of young adult households (those with householders ages 25 to 34) are having an impact on their propensities for…

With promising increases in home construction, sales, and prices, the housing market gained steam in early 2013. But when interest rates notched up at mid-year, momentum…

W14-3: While numerous studies have sought to identify determinants of individual decisions about owning and renting housing, very few have considered the role that…

HBTL-15: Empirical research on the causes of financial crises has grown in recent decades.  Early work, such as that by Kaminsky and Reinhart, helped establish the…

HBTL-14: In this paper, Reid reports on the findings from four focus groups and twenty individual interviews designed to examine how households make decisions about…