This paper empirically and theoretically analyzes the effect of debt reductions that reduce long-term but not short-term obligations. Isolating the effect of future…
Allison Charette, Chris Herbert, Andrew Jakabovics, Ellen Marya, Daniel McCue
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September 21, 2015
This report shows that the number of households spending more than 50 percent of their income on rent is expected to rise at least 11 percent from 11.8 million to 13.1…
W04-13: Over the past 50 years, housing expenditures have accounted for more than one fifth of the nation’s gross domestic product. But housing’s influence on the…