Using a rich database of non-prime mortgages from New York City, we find that census tract level neighborhood characteristics are important predictors of default behavior, even after controlling for an extensive set of controls for loan and borrower characteristics. First, default rates increase...

This paper studies the occupational choices of highly educated native-born American males and links their choices to cultural attitudes toward pecuniary rewards and social prestige in their ancestral countries. These cultural attitudes were reported in the World Values Survey, which surveyed...