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…
RR07-6: For many years, policymakers have agreed that low-income, working-age people who receive government rent subsidies ought to strive for self-sufficiency and that…
It has long been argued that promoting homeownership among low-income households is worthwhile because owned housing may be an important source of savings for these families…