In a paper published in the Review of Economics and Statistics some 20 years ago (Gabriel and Rosenthal [1989]), we sought to assess the disparate residential location choices of black and white households in the Washington, D.C. metropolitan area. The paper showed that simulated closure of...

In this paper, we empirically examine differences in subprime borrower default decisions by Census tract characteristics in order to clarify how the subprime foreclosure crisis played out in minority areas. An innovation in our modeling approach is that we do not constrain the impact of...