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New Evidence on Redlining by Federal Housing Programs in the 1930s
Fishback, Price Van Meter; Rose, Jonathan; Snowden, … - National Bureau of Economic Research - 2021
We show that the Federal Housing Administration (FHA), from its inception in the 1930s, did not insure mortgages in low income urban neighborhoods where the vast majority of urban Black Americans lived. The agency evaluated neighborhoods using block-level information collected by New Deal relief...
Persistent link: https://www.econbiz.de/10012629464
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Promise Scholarship Programs as Place-Making Policy : Evidence from School Enrollment and Housing Prices
LeGower, Michael - 2014
Following the example of the Kalamazoo Promise initiated in 2005, place-based "Promise'' scholarship programs have proliferated over the past 8 years. These programs guarantee money towards the costs of attendance at selected colleges and universities provided that a student has resided and...
Persistent link: https://www.econbiz.de/10012458608
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Boomerang Children and Parental Retirement Outcomes
Seiter, Grant M.; Lopez, Mary J.; Slavov, Sita N. - National Bureau of Economic Research - 2023
As the share of U.S. adult children living with their parents increases, it is important to understand how children who "boomerang" back home impact their parents in their pre-retirement and post-retirement years. We use data from the Health and Retirement Study (HRS) to examine the effects of...
Persistent link: https://www.econbiz.de/10013537757
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Affordable Housing and City Welfare
Favilukis, Jack - 2019
Housing affordability is the main policy challenge for many large cities in the world. Zoning changes, rent control, housing vouchers, and tax credits are the main levers employed by policy makers. But how effective are they at combatting the affordability crisis? We build a new framework to...
Persistent link: https://www.econbiz.de/10012479855
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Moved to Vote : The Long-Run Effects of Neighborhoods on Political Participation
Chyn, Eric - 2019
How does one's childhood neighborhood shape political engagement later in life? We leverage a natural experiment that moved children out of disadvantaged neighborhoods to study effects on their voting behavior more than a decade later. Using linked administrative data, we find that children who...
Persistent link: https://www.econbiz.de/10012480459
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Liquidity vs. Wealth in Household Debt Obligations : Evidence from Housing Policy in the Great Recession
Ganong, Peter - 2018
We use variation in mortgage modifications to disentangle the impact of reducing long-term obligations with no change in short-term payments ("wealth"), and reducing short-term payments with approximately no change in long-term obligations ("liquidity"). Using regression discontinuity and...
Persistent link: https://www.econbiz.de/10012480617
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Low-Income Housing Policy
Collinson, Robert - 2015
The United States government devotes about $40 billion each year to means-tested housing programs, plus another $6 billion or so in tax expenditures on the Low Income Housing Tax Credit (LIHTC). What exactly do we spend this money on, why, and what does it accomplish? We focus on these...
Persistent link: https://www.econbiz.de/10012457596
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Did Housing Policies Cause the Postwar Boom in Homeownership?
Chambers, Matthew - 2013
After the collapse of housing markets during the Great Depression, the U.S. government played a large role in shaping the future of housing finance and policy. Soon thereafter, housing markets witnessed the largest boom in recent history. The objective in this paper is to quantify the...
Persistent link: https://www.econbiz.de/10012459841
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Widows' Time, Time Stress and Happiness : Adjusting to Loss
Hamermesh, Daniel S.; Myck, Michał; Oczkowska, Monika - National Bureau of Economic Research - 2021
By age 77 a plurality of women in wealthy Western societies are widows. Comparing older (aged 70+) married women to widows in the American Time Use Survey 2003-18 and linking the data to the Current Population Survey allow inferring the short- and longer-term effects of an arguably exogenous...
Persistent link: https://www.econbiz.de/10012533301
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Do the Retired Elderly in Europe Decumulate Their Wealth? The Importance of Bequest Motives, Precautionary Saving, Public Pensions, and Homeownership
Horioka, Charles; Ventura, Luigi - National Bureau of Economic Research - 2022
Retirement in Europe (SHARE) to examine the wealth accumulation (saving) behavior of the retired elderly in Europe. To summarize … our main findings, we find that less than half of the retired elderly in Europe are decumulating their wealth and that the … average wealth accumulation rate of the retired elderly in Europe is positive though relatively moderate (6.6% over a 3-year …
Persistent link: https://www.econbiz.de/10013388826