Over the period 1990-2018, municipalities that issued bonds infrequently paid a higher yield compared to municipalities that issued frequently. We find that there is systematically less demand for bonds from infrequent issuers in most states, and the yield for these bonds are as much as 16 basis...

We consider how state income tax changes affect the demand for municipal bonds by in-state investors. A tax increase (decrease) makes investing in municipal bonds more (less) desirable, and theory predicts a change in demand by investors until the yields on municipal bonds reach a new...

We study the impact of housing characteristics and homeownership on the cognitive and behavioral outcomes of children and young adults. One of our findings is that children living in relatively uncrowded dwellings have better mathematics skills; however, parental homeownership has no effect. In...