This paper investigates the persistent racial disparities in homeownership and wealth creation in Milwaukee. Despite past efforts, homeownership rates for Black and Hispanic households remain significantly lower compared to White households, contributing to wealth inequalities. We develop a...

This study shows that, in a model with non-separable preferences for durable and non-durable goods, the effect of relative prices on the ratio of consumption for the two goods, known as the intratemporal elasticity of substitution, has decreased in the U.S. since 1981. We found that durable and...

This paper investigates the persistent racial disparities in homeownership and wealth creation in Milwaukee. Despite past efforts, homeownership rates for Black and Hispanic households remain significantly lower compared to White households, contributing to wealth inequalities. We develop a...