In this paper, I suggest that one creator of state-level economic inequalities is the ability to accumulate personal debt through home mortgage financing schemes. My analysis assesses the extent to which local political environments and labour market opportunities are systematically related to...

State governments have adopted a wide variety of policies to promote economic development over the past two decades. There has been little progress, however in developing a clear conceptualization of the general strategies that underlie these programs or in assessing their impact on economic...