Ouazad, Amine; Rancière, Romain - C.E.P.R. Discussion Papers - 2011
How do credit standards on the mortgage market affect neighbourhood choice and the resulting level of urban segregation … relaxation of credit standards can either increase or decrease segregation, depending on racial income gaps and on races …' preferences for neighbourhoods. We then estimate the effect of the relaxation of credit standards that accompanied the 1995 …