mortgages on foreclosures and the incentives to earn income, and the degree to which those effects are shaped by public policy … conditioned on borrower income …

imposed by rationality and household mobility. Housing demand is income and price inelastic, and appears to fall with … relative rents, which have greatly amplified increases in real income inequality …

Income and home ownership both surged in the United States between 1940 and 1960. We use cross-place variation in … changes in real income to assess the importance of income gains to the mid-century home ownership boom. OLS and IV estimates …

on income is defined as the difference between the nominal and real growth in income. This term is always negative (as … inequality, and the racial wealth gap. The results show that inflation boosted the real income of the middle wealth quintile by a … income. Inflation also boosted mean and especially median real wealth growth, reduced wealth inequality, and lowered the …

This chapter reviews empirical estimates of differential income and consumption growth across individuals during … recessions. Most existing studies examine the variation in income and consumption growth across individuals by sorting on ex ante … or contemporaneous income or consumption levels. We build on this literature by showing that differential shocks to …

observe household income and other demographics for each neighborhood. Five major findings are reported. First, the start of …. Third, local income is the only potential demand shifter found that also had an economically and statistically significant … change around the time that local housing booms began. Contemporaneous local income growth is large enough to account for …

with similar tenants. We link the tenants to their tax records to obtain information on demographics, income, mobility … negative income shocks, evidencing a collateral effect …

wealth-income ratio. Model parameters, including preferences, the cost of stock market participation and portfolio adjustment … matters through two channels: the mean of income and the discount factor …

disability and its association with a wide range of outcomes, including earnings, income, and consumption. We then employ some of … decline in after-tax income, a 24 percent decline in food and housing consumption and a 22 percent decline in food consumption …