Search Results
Working Paper
Underserved mortgage markets: evidence from HMDA data
A baseline evaluation of the variation in mortgage credit flows across different types of neighborhoods using HMDA data collected in 1990 and 1991.
Working Paper
Productivity growth and the decline of manufacturing in large metropolitan areas: 1959-78
An examination of the role of productivity differences in explaining the decline of manufacturing activity in large metropolitan areas relative to the rest of the country, with special attention given to the decline of the large metropolitan areas of the Manufacturing Belt.
Working Paper
Amenities and the returns to human capital
A demonstration that regional differences in the returns to human capital do not necessarily imply structural differences in regional labor markets, but could be reflecting compensation for regional differences in amenities.
Journal Article
Home mortgage lending by the numbers
A look at some of the issues associated with reports that minority applicants for home mortgage loans are far more likely than whites to be denied credit. The authors raise the concern that simple comparisons of denial rates are not sufficient for grasping the complexities surrounding community-oriented lending.
Journal Article
Components of city-size wage differentials, 1973-1988
An exploration of why workers in large cities are more highly paid than their rural counterparts. The authors decompose city-size wage differentials into the portion due to worker traits and the portion due to intercity differences in wage structures and find that differences in worker-attribute prices account for most of the disparity.
Journal Article
Identifying amenity and productivity cities using wage and rent differentials
An explanation of how regional wage and rent differentials can be used to classify metropolitan areas according to their amenity and productivity characteristics.
Working Paper
Neighborhood information and home mortgage lending.
An examination of how information about a neighborhood affects the level of lending activity in it--specifically, whether lenders deny mortgage applications at higher rates in neighborhoods where they have little experience in evaluating applications and/or where the lending community in general lacks such experience.
Working Paper
Cross-lender variation in home mortgage lending
A lender-specific analysis of differences in minority and low-income mortgage loan originations using new applicant-level data gathered under the Home Mortgage Disclosure Act of 1975.
Journal Article
The emerging service economy
A description and examination of the expanding service economy, with the contention that its growth reflects a natural and inevitable response to rising wealth.
Working Paper
Accounting for racial differences in housing credit markets
A documentation of racial and neighborhood differences in home mortgage denial rates using data collected under the Home Mortgage Disclosure Act, exploring the extent to which objective lending criteria are responsible for observed differences. The authors find persistent variations in denial rates between white and minority applicants, but emphasize that the HMDA data do not contain enough relevant information to draw any firm conclusions regarding causation.