Foreclosures have become one of the most important urban problems faced by contemporary cities. Our goal is to better understand factors that affect foreclosure rates in a typical, mid-sized U.S. city. While previous research has found that a key explanatory variable positively affecting...

Card et al (2008a) formalize a model of ethnic residential segregation where an ethnically mixed neighborhood is dynamically stable until its minority share reaches a threshold (the tipping point). Once the neighborhood has surpassed the tipping point, it will experience massive white flight....

In recent years, educational issues have been of greater importance in economic analysis. Many papers suggest that education is essential for economic growth as well as an important tool to achieve better equality. These effects have been discussed and confirmed by several researchers, whose...