Narrow search
Showing 1 - 10 of 1,317
Cover Image
A New Look at the U.S. Foreclosure Crisis : Panel Data Evidence of Prime and Subprime Borrowers from 1997 to 2012
Ferreira, Fernando V. - 2015
reinterpretation of the U.S. foreclosure crisis as more of a prime, rather than a subprime, borrower issue. Moreover, traditional … mortgage default factors associated with the economic cycle, such as negative equity, completely account for the foreclosure …
Persistent link: https://www.econbiz.de/10013021028
Cover Image
House Prices, Home Equity-Based Borrowing, and the U.S. Household Leverage Crisis
Mian, Atif R. - 2010
Using individual-level data on homeowner debt and defaults from 1997 to 2008, we show that borrowing against the increase in home equity by existing homeowners is responsible for a significant fraction of both the sharp rise in U.S. household leverage from 2002 to 2006 and the increase in...
Persistent link: https://www.econbiz.de/10013151131
Cover Image
Can the Covid Bailouts Save the Economy?
Elenev, Vadim - 2020
marginally higher welfare. Finally, we study longer-run consequences for firm leverage and intermediary health when pandemics …
Persistent link: https://www.econbiz.de/10012833129
Cover Image
The Impact of Foreclosure Delay on U.S. Employment
Herkenhoff, Kyle - 2015
This paper documents that the time required to initiate and complete a home foreclosure rose from about 9 months on … changes as foreclosure delay. We also document that many borrowers who are in foreclosure ultimately exit foreclosure and keep … their homes by making up for missed mortgage payments. We analyze the impact of foreclosure delay on the U.S. labor market …
Persistent link: https://www.econbiz.de/10013015980
Cover Image
The Local Residential Land Use Regulatory Environment Across U.S. Housing Markets : Evidence from a New Wharton Index
Gyourko, Joseph - 2020
We report results from a new survey of local residential land use regulatory regimes for over 2,450 primarily suburban communities across the U.S. The most highly regulated markets are on the two coasts, with the San Francisco and New York City metropolitan areas being the most highly regulated...
Persistent link: https://www.econbiz.de/10012845503
Cover Image
Liquidity Constraints in the U.S. Housing Market
Gorea, Denis - 2017
We study the severity of liquidity constraints in the U.S. housing market using a life-cycle model with uninsurable idiosyncratic risks in which houses are illiquid, but agents can extract home equity by refinancing their mortgages. The model implies that four-fifths of homeowners are liquidity...
Persistent link: https://www.econbiz.de/10012957387
Cover Image
U.S. Job Flows and the China Shock
Asquith, Brian - 2017
International trade exposure affects job creation and destruction along the intensive margin (job flows due to expansions and contractions of firms' employment) as well as along the extensive margin (job flows due to births and deaths of firms). This paper uses 1992-2011 employment data from the...
Persistent link: https://www.econbiz.de/10012941975
Cover Image
Bankruptcy and Investment : Evidence from Changes in Marital Property Laws in the U.S. South, 1840-1850
Koudijs, Peter - 2016
married women's property from seizure in the case of insolvency, amending the common law default which vested a wife …
Persistent link: https://www.econbiz.de/10012999467
Cover Image
Business Failures by Industry in the United States, 1895 to 1939 : A Statistical History
Richardson, Gary - 2011
Dun's Review began publishing monthly data on bankruptcies by branch of business during the 1890s. This essay reconstructs that series, links it to its successors, and discusses how it can be used for economic analysis
Persistent link: https://www.econbiz.de/10013128597
Cover Image
Do Airlines in Chapter 11 Harm Their Rivals? Bankruptcy and Pricing Behavior in U.S. Airline Markets
Borenstein, Severin; Rose, Nancy L. - 2021
that bankrupt carriers do not harm the financial health of their competitors …
Persistent link: https://www.econbiz.de/10013232906