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…
W13-7: What is the incidence of housing vouchers? In a frictionless, price-taking equilibrium, increased generosity of a narrowly-targeted subsidy causes increases in…
HBTL-04: The purposes of this paper are, first, to present a conceptual model of how the housing crisis and ensuing recession might impact both interest in and the…
William Rohe, Shannon Van Zandt, George McCarthy
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October 12, 2001
Interest in homeownership among Americans has been justified by claims that it confers benefits both to individuals and to the society as a whole, including good citizens,…