Despite the recent flood of foreclosures on residential mortgages, little is known about what happens to borrowers and their households after their mortgage has been foreclosed. We study the post-foreclosure experience of U.S. households using a unique dataset based on the credit reports of a...

This paper studies how selling constraints, which refer to the inability of firms to attend to all the buyers who want to inspect their products, affect the equilibrium price and social welfare. We show that the price that maximizes social welfare is greater than the marginal cost. This is...

This paper studies how selling constraints, which refer to the inability of firms to attend to all the buyers who want to inspect their products, affect the equilibrium price and social welfare. We show that the price that maximizes social welfare is greater than the marginal cost. This is...

This article analyses the relationship between the size and the quality of ethnic enclaves on immigrants' labor market integration. Using exogenously defined grid cells to delineate neighborhoods, we find robust empirical evidence that the employment rate of the respective immigrant group in the...

This article analyses the relationship between the size and the quality of ethnic enclaves on immigrants' labour market integration. Using exogenously defined grid cells to delineate neighbourhoods we find robust empirical evidence that the employment rate of the respective immigrant group in...

This paper analyzes the effects of Denmark's Start Aid welfare reform that targets refugees. Implemented in 2002, it enables us to study not only the reform's immediate effects, but also its longerterm consequences, and its repeal a decade later. The reform-induced large transfer cuts led to an...