What is the effect of mortgage debt reductions that reduce payments in the long-term but not in the short-term? In a new paper using data from a recent government…
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…
George Galster, Jackie Cutsinger, Ron Malega
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March 1, 2007
RR07-4: We investigate theoretically and empirically two interrelated potential consequences of the spatial concentration of poverty: negative externalities to proximate…