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Deregulation, Savings and Loan Diversification, and the Flow of Housing Finance
Kane, Edward J. - 1981
This paper assesses the probable impact on S&Ls' profitability and participation in mortgage markets of The Depository Institutions Deregulation and Monetary Control Act of 1980. It tracks inflation-induced secular declines in the value of S&L mortgage holdings between 1965 and 1979 and...
Persistent link: https://www.econbiz.de/10012478481
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Real Interest Rates and the Savings and Loan Crisis : The Moral Hazard Premium
Shoven, John B. - 1991
Real interest rates rose to historically high levels in 1980 and remained high throughout the decade. Macroeconomists attribute this phenomenon to a combination of tight monetary policy, fiscal deficits, and variable inflation rates. This paper presents preliminary evidence for an additional...
Persistent link: https://www.econbiz.de/10012475251
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The Continued Interest Rate Vulnerability of Thrifts
Hendershott, Patric H. - 1990
experience like that which triggered the 1980s S&L debacle? The short answer is that thrifts are even more vulnerable in 1989 … than they were in 1977. The dollar volume of fixed-rate mortgages funded by short-term deposits in 1989, $400 billion, is …
Persistent link: https://www.econbiz.de/10012475616
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The U.S. Postal Savings System and the Collapse of B&Ls During the Great Depression
Fleitas, Sebastian; Jaremski, Matthew S.; Sprick … - National Bureau of Economic Research - 2022
Building and Loan Associations (B&Ls) financed over half of new houses constructed in the U.S. during the 1920s but they lost their predominance within the following decades as they were pushed to convert into Savings and Loans (S&Ls). This study examines whether the U.S. government-insured...
Persistent link: https://www.econbiz.de/10013435171
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Fuzzy Frontiers of Production : Evidence of Persistent Inefficiency in Safety Expenditures
Ichniowski, Casey - 1984
This study documents a strong inverse relationship between accident rates and production in a sample of eleven firms in the same narrowly defined industry classification. Given the detailed set of input controls and controls for plant-specific and time-specific factors used in the analysis, the...
Persistent link: https://www.econbiz.de/10012477724
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Efficient Recapitalization
Philippon, Thomas - 2009
We analyze government interventions to recapitalize a banking sector that restricts lending to firms because of debt overhang. We find that the efficient recapitalization program injects capital against preferred stock plus warrants and conditions implementation on sufficient bank participation....
Persistent link: https://www.econbiz.de/10012463719
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The Effects of the Emeryville Fair Workweek Ordinance on the Daily Lives of Low-Wage Workers and their Families
Ananat, Elizabeth Oltmans; Gassman-Pines, Anna; … - National Bureau of Economic Research - 2022
Emeryville, CA's Fair Workweek Ordinance (FWO) aimed to reduce service workers' schedule unpredictability by requiring large retail and food service employers to provide advanced notice of schedules and to compensate workers for last-minute schedule changes. From a 1-in-6 sample of Emeryville...
Persistent link: https://www.econbiz.de/10012938761
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Energy, Groundwater, and Crop Choice
Burlig, Fiona; Preonas, Louis; Woerman, Matt - National Bureau of Economic Research - 2021
in one of the world's most valuable agricultural areas: California. Using rich administrative data and exogenous … discrete choice model, we estimate that a counterfactual $10 per-acre-foot groundwater tax--a level consistent with California …
Persistent link: https://www.econbiz.de/10012510584
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The Impact of COVID-19 on Community College Enrollment and Student Success : Evidence from California Administrative Data
Bulman, George; Fairlie, Robert W. - National Bureau of Economic Research - 2021
Enrollment increased slightly at both the California State University and University of California systems in fall 2020 …, but the effects of the pandemic on enrollment in the California Community College system are mostly unknown and might … covering the universe of students in the 116-college California Community College system. We find that community college …
Persistent link: https://www.econbiz.de/10012510593
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Heterogeneity in the Impact of Privatizing Social Health Insurance : Evidence from California's Medicaid Program
Duggan, Mark G.; Garthwaite, Craig; Wang, Adelina Yanyue - National Bureau of Economic Research - 2021
this paper we study California's mandatory enrollment of the senior and persons with disabilities (SPD) population in MMC …
Persistent link: https://www.econbiz.de/10012585428