How do job losers use default--a phenomenon 6x more prevalent than bankruptcy--as a type
of “informal" unemployment insurance, and more importantly, what are the social costs and …

This article explores the connections between the housing diversity of a community and its
home foreclosures for a period before the peak in the national home foreclosure rate and its …

How do job losers use default--a phenomenon 6x more prevalent than bankruptcy--as a type
of" informal" unemployment insurance, and more importantly, what are the social costs and …

We propose a parsimonious model with adverse selection where delinquency,
renegotiation, and bankruptcy all occur in equilibrium as a result of a simple screening …

In this study, I examine the Fannie Mae (FNMA) single-family mortgage loan modification
process over the period from 1999 to 2021. Loan modification rates are higher during the …

This online appendix includes data on credit use among the unemployed, robustness
checks, and the full set of equations for the extensions in the main paper (Herkenhoff …

Access to revolving credit more than doubled between 1983 and 1992 among both
employed and unemployed households, and new evidence suggests that close to 20% of …

This dissertation studies the interaction between private consumption smoothing
mechanisms and labor markets. Chapter 1 studies the growth in credit card access among …

The fraction of unemployed households with revolving credit more than tripled between the
late 1970s and the early 1990s, and new evidence suggests that close to 20% of …

How do job losers use default—a phenomenon 6× more prevalent than bankruptcy—as a
type of “informal” unemployment insurance, and more importantly, what are the social costs …