In the current structure of the U.S. residential mortgage market, a fall in property values may make it very difficult for homeowners to refinance their mortgages to take advantage of falling interest rates. In this paper, we explain the institutional background for this effect and quantify its...

In this study, we examine the idea of localism in the context of housing policy and as mediated by the experience of devolution in England and Scotland. After considering arguments for adopting localism in principle, we examine the meaning and limitations of the concept when account is taken of...

The current recession has major implications for residential-led regeneration activity across the UK. Current funding models are breaking down and the goals of regeneration activity will, for some time, be much harder to achieve. The Government getting to grips with the big picture is a...

The purpose of knowledge mobilisation (KM) can be defined as the creation and communication of evidence motivated by a desire to improve the design, delivery and consequent impact of public services. This definition also embraces the notion of the civic academy. In this article, we explore the...

China has emerged as an economic powerhouse (projected to have the largest economy in the world in a little over a decade) and is taking an ever-increasing role on the world stage. China's Rise: Challenges and Opportunities will help the United States and the rest of the world better comprehend...

The global economic crisis has made clear China's importance and expanding role on the world stage. China's Rise: Challenges and Opportunities, explains actions both China and the United States can take that will not only maximize the opportunities for China's constructive integration into the...

This paper estimates the extent to which reduced employment following job loss among older workers can be explained as a response to altered pension incentives and earnings opportunities. Using data from the Health and Retirement Study, we first examine how workers’ earnings, assets, pensions...