The paper presents a continuous-time dynamic model of a neighborhood in racial transition as triggered by a fee-motivated real estate broker. Racial transition occurs in an initially all-white neighborhood when the broker steers white sellers towards black buyers. Racial transition leads to a...

Structural models of location choice use observed demand to estimate household preferences. However, household demand may be partly determined by borrowing constraints, limiting households' choice set. Credit availability differs across locations, households, and years. We put forward a model of...

The underrepresentation of minority teachers and male teachers remains an issue in U.S. elementary education, and there is evidence that racial interactions partly shape student performance. However, there is little work on discrimination within the classroom. Do teachers give better grades to...

We put forward a new experimental economics design with monetary incentives to estimate students’ perceptions of grading discrimination. We use this design in a large field experiment which involved 1,200 British students in grade 8 classrooms across 29 schools. In this design, students are...

How do credit standards affect racial segregation? During the latest US mortgage credit boom, metropolitan areas that experienced larger increases in loan-to-income ratios and acceptance rates also experienced smaller declines in Black segregation. Bank liquidity and loan securitizability...

This study develops an analytical framework for evaluating the respective contributions of pupils, peers, and school quality in affecting educational achievement. We implement this framework using rich data from England that matches pupils to their primary schools. The dataset records all...