We analyze the effectiveness of consumer financial regulation by considering the 2009 Credit Card Accountability Responsibility and Disclosure (CARD) Act in the United States. Using a difference-in- differences research design [...]
Urban America requires a solution to its affordable housing crisis, and combined with the above data, Census Bureau reports demonstrate that New York City needs a solution more than most [...]
Households that fail to refinance their mortgage when interest rates decline can lose out on substantial savings. Based on a large random sample of outstanding U.S. mortgages in December of [...]
Unfortunately, there has not been a lot of public debate about the impact that these licenses have on workers. Far more attention has been paid to labor issues such as [...]
State policymakers play an important role in setting licensure policy and are at the heart of many efforts to strike the right balance needed to protect consumers and promote economic [...]
We evaluate the effects of the 2009 Home Affordable Modification Program (HAMP) that provided intermediaries with sizeable financial incentives to renegotiate mortgages. HAMP increased intensity of renegotiations and prevented substantial [...]
One of the top trade priorities for the Trump Administration is to use all possible sources of leverage to encourage other countries to open their markets to U.S. exports of [...]
In conclusion, it is thought that the evidence presented of independent duplicate origins of inventions brings out forcibly the importance of the cultural factor in the production of inventions. Such [...]
Only the correlation between the median year of licensing and the percentage of an occupation belonging to its association supports the profit hypothesis. This could, of course, be the result [...]
The licensing of various professions is generally accepted as necessary to protect the public from incompetent and dishonest practitioners. At the same time, however, licensing restricts freedom of entry and [...]