Journal Article
Flight to safety and U.S. Treasury securities
Sengupta, Rajdeep; Noeth, Bryan J. (2010-07)
As in most crises, investors turned to Treasuries in droves over the past couple of years, even as yields declined.
The Regional Economist , Issue Jul , Pages 18-19

Journal Article
Changes in the mortgage market since the crisis
Sengupta, Rajdeep; Noeth, Bryan J. (2011)
It appears that mortgage origination and securitization is currently ?in limbo?: Private securitization has all but disappeared and is being absorbed by government- sponsored enterprises
Economic Synopses

Periodic Essay
Wealth recovery still not complete, remains uneven across families and locations
Emmons, William R.; Noeth, Bryan J. (2013)
In the Balance , Issue 6 , Pages 1-2

Journal Article
Household Debt and the Great Recession
Garriga, Carlos; Schlagenhauf, Don E.; Noeth, Bryan J. (2017)
In the mid-2000s, household private debt reached a new level 1.2 times larger than personal income? before collapsing during the Great Recession. This paper uses microeconomic data to document the main changes in personal debt and explore the behavior of debt across generations over two periods: before and after the Great Recession. Special emphasis is placed on participation rates by category of debt (the extensive margin), volume borrowed (the intensive margin), and default behavior. Key findings include that between 1999 and 2013 the fraction of individuals with only unsecured (e.g., ...
Review , Volume 99 , Issue 2

Journal Article
Some closure on foreclosures?
Sengupta, Rajdeep; Noeth, Bryan J. (2011)
Contrary to popular perception, the foreclosure process can be very costly for a lender?it remains a puzzle as to why such large numbers of mortgages in default enter into foreclosure in the first place.
Economic Synopses

Journal Article
Economic vulnerability and financial fragility
Emmons, William R.; Noeth, Bryan J. (2013-09)
Unfortunately, many families with the greatest exposure to the economic dislocations of the recent recession also had very risky balance sheets beforehand that were characterized by low levels of liquid assets, high portfolio concentrations in housing, and relatively high balance-sheet leverage. The authors argue that economic vulnerability and risky balance sheets are correlated because they derive from common factors. These factors include a low stock of human capital, inexperience (relative youth), and, in some cases, the legacy of discrimination in housing, education, and employment. ...
Review , Issue Sep , Pages 361-388

Periodic Essay
The Demographics of Wealth - How Age, Education and Race Separate Thrivers from Strugglers in Today's Economy. Essay No. 2: The Role of Education
Noeth, Bryan J.; Boshara, Ray; Emmons, William R. (2015)
New research by the Center for Household Financial Stability shows that there's a strong correlation between education and money. More of the former often leads to more of the latter. However, correlation is not causation?there is no guarantee that more education will lead to more wealth. Many other factors might be in play, such as natural ability, family environment, inheritances and even health. It's entirely possible that what's learned in the classroom has much less influence on lifetime earnings and wealth accumulation than most people believe. In fact, your ability, family background, ...
Demographics of Wealth , Issue 2 , Pages 1-28

Periodic Essay
The Demographics of Wealth - How Age, Education and Race Separate Thrivers from Strugglers in Today's Economy. Essay No. 1: Race, Ethnicity and Wealth
Noeth, Bryan J.; Boshara, Ray; Emmons, William R. (2015)
This first essay in the "Demographics of Wealth" series examines the connection between race or ethnicity and wealth accumulation over the past quarter-century. As with subsequent essays, this one is the result of an analysis of data collected between 1989 and 2013 through the Federal Reserve's Survey of Consumer Finances. More than 40,000 heads of households were interviewed over those years.
Demographics of Wealth , Issue 1 , Pages 1-24

Periodic Essay
Still digging out: real net worth per household has rebounded 63 percent since hitting bottom in early 2009
Emmons, William R.; Noeth, Bryan J. (2013)
Short essays related to research on understanding and strengthening the balance sheets of American households.
In the Balance , Issue 4

Journal Article
Mortgage borrowing: the boom and bust
Emmons, William R.; Noeth, Bryan J. (2013-04)
Also titled as "Mortgage Boom and Bust Affected Different Age Groups Differently" in PDF format.
The Regional Economist