Dynamics of Housing Debt in the Recent Boom and Great Recession
This paper documents a number of key facts about the evolution of mortgage debt, homeownership, debt burden, and subsequent delinquency during the recent housing boom and Great Recession. We show that the mortgage expansion was shared across the entire income distribution; that is, the flow and stoc...
| Main Authors: | , , |
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| Format: | Article |
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University of Chicago Press
2019
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| Online Access: | http://hdl.handle.net/1721.1/121093 https://orcid.org/0000-0002-3658-9131 |