Academic research, government inquiries, and press accounts show extensive mortgage fraud during the housing boom of … the mid-2000s. We explore a particular type of mortgage fraud: the overstatement of income on mortgage applications. We … with high income overstatement are plagued with mortgage fraud according to independent measures. Income overstatement in a …

We use a data set of federal corruption convictions in the U.S. to investigate the causes and consequences of … corruption. More educated states, and to a less degree richer states, have less corruption. This relationship holds even when we … today. The level of corruption is weakly correlated with the level of income inequality and racial fractionalization, and …

Is corruption systematically related to electoral rules? A number of studies have tried to uncover economic and social … determinants of corruption but, as far as we know, nobody has yet empirically investigated how electoral systems ináuence … corruption. We try to address this lacuna in the literature, by relating corruption to dierent features of the electoral system …

threats, corruption, and other relevant controls. While growth falls with higher levels of military spending, given the values …

reduce the effective red tape it faces. The efficient grease' hypothesis asserts therefore that corruption can improve …

literature: corruption may affect a country's composition of capital inflows in a way that makes it more likely to experience a …

obstacles associated with corruption and weak institutions. We model these circumstances in a principal-agent framework with … economic corruption as an indicator of the strength of property right enforcement within a given country. We compare corruption … levels for a large cross section of countries in 1989 to subsequent FDI flows from 1990 to 1999. We find that corruption is …