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This paper provides new evidence on the long-term impacts of neighborhood environment on low-income credit decisions by analyzing financial outcomes and borrowing decisions of participants of the Moving to Opportunity (MTO) experiment. The MTO experiment was a unique, large-scale experiment that...
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prices. The authors explore the possible effects of the government's foreclosure prevention policy in their model. They find …
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by foreclosure rather than from neglect of the foreclosed property. Consistent with a framework where a foreclosed home …
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