We develop a discrete choice recursive model that classifies companies with and without dividend reinvestment plans with 72.0% accuracy. Misclassified companies are more likely to switch their plan status within the next five years, suggesting that financial statements foreshadow changes in plan...

This paper uses information on out-of-pocket housing cost and house price appreciation along with the geo-coded version of the Panel Study of Income Dynamics to consider the differences in the impact of these and other variables on the tenure choices of sample households across three time...

Research on moral hazard and adverse selection indicates that restricting the ability of lenders to price loans could result in less credit being extended to those in the riskiest credit tier. Given that blacks have worse credit than similarly situated whites, then they would be worse off if...

This article uses recent metropolitan area samples of the American Housing Survey (AHS) for 1998, 2002, and 2004 to investigate differences in the terms, conditions, and use of mortgage financing alternatives. It investigates how financing and mortgage rates differ for Hispanics compared with...

Research on moral hazard and adverse selection indicates that restricting the ability of lenders to price loans could result in less credit being extended to those in the riskiest credit tier. This has several implications for mortgage lending and overages in particular. First, given that blacks...