State foreclosure and bankruptcy laws govern the rights of mortgage lenders and borrowers during foreclosure and bankruptcy proceedings and therefore impact on lenders’ exposure to credit risk. This paper seeks to understand the effects of these state laws on the type of mortgages...

We use the American Community Survey (ACS) to investigate the extent to which college major decisions were affected during and after the Great Recession with special attention to business and STEM fields, as well as the heterogeneity by gender, race/ethnicity and combinations of race/ethnicity...

We use the American Community Survey (ACS) to investigate the extent to which college major decisions were affected during and after the Great Recession with special attention to business and STEM fields, as well as the heterogeneity by gender, race/ethnicity and combinations of race/ethnicity...

This paper examines the industry-specific attenuation speed of agglomeration economies and its interplay with the large presence of state-owned enterprises in China. We achieve this focus by taking advantage of unique geo-coded administrative data on the universe of Chinese manufacturing firms....

Previous studies often interpret the positive impact of high-skill human capital on the mean wages of low-skill workers as evidence of human capital externalities. We uncover a distributional wage effect that is difficult to reconcile with standard models of human capital externalities:...

The aim of this paper is to examine the manner and extent to which worker skill type affects agglomeration economies that contribute to productivity in cities. I use college majors to proxy for skill types among workers with a Bachelor's degree. Workers with college training in...

State foreclosure and bankruptcy laws govern the rights of mortgage lenders and borrowers during foreclosure and bankruptcy proceedings and thereby affect lenders' exposure to credit risk. This paper seeks to understand the impact of these laws on the types of mortgages originated. The empirical...