Showing 1 - 8 of 8
Marriage is one of the most important determinants of economic prosperity, yet most existing theories of inequality ignore the role of the family. This paper documents that the cross-sectional distributions of earnings and wealth display a high degree of concentration, even when disaggregated...
Persistent link: https://www.econbiz.de/10010489954
We reassess the empirical effects of income and employment on self-reported well-being. Our analysis makes use of a two-step estimation procedure that allows applying instrumental variable regressions with ordinal observable data. As suggested by the theory of incomplete markets, we...
Persistent link: https://www.econbiz.de/10010339956
Persistent link: https://www.econbiz.de/10011790739
Persistent link: https://www.econbiz.de/10008908708
"Subprime Cities: The Political Economy of Mortgage Markets presents a collection of works from social scientists that offer important insights into what is happening in today's mortgage market including the causes, effects, and aftermath of the 'subprime' mortgage crisis"--
Persistent link: https://www.econbiz.de/10009514047
years preceding the crisis, has been highly financed by securitization. The paper investigates how borrowers with subprime … characteristics influence the transmission mechanism of business cycles in the economy and whether the securitization of subprime … effects) and that under certain circumstances the securitization of subprime loans (in form of residential mortgage backed …
Persistent link: https://www.econbiz.de/10010486705