CUREC Research

Adam M Guren, Timothy J McQuade The Review of Economic Studies, Volume 87, Issue 3, May 2020, Pages 1331–1364, https://doi.org/10.1093/restud/rdaa001 Published: 11 January 2020 This paper uses a structural model to show that foreclosures played a crucial role in exacerbating the recent housing bust and to analyze foreclosure mitigation policy...

SHAI BERNSTEIN, TIMOTHY MCQUADE , and RICHARD R. TOWNSEND Journal of Finance We investigate how the deterioration of household balance sheets affects worker productivity, and whether such effects mitigate or amplify economic downturns. To do so, we compare the output of innovative workers who experienced differential declines in housing wealth...

Emily A.Gallagher, Radhakrishnan Gopalan and Michal Grinstein-Weiss Journal of Public Economics Volume 172, April 2019, Pages 67-83 Abstract We use administrative tax data and survey responses to quantify the effect of subsidized health insurance on rent and mortgage delinquency. We employ a regression discontinuity (RD) design, exploiting the income threshold...

Authors: Liang Peng and Thomas G. Thibodeau Not really. This paper compares the unlevered returns on value added and core investments of private commercial real estate equity in the National Council of Real Estate Investment Fiduciaries (NCREIF) database. We use capital expenditures on building improvements to identify value added investments,...

Authors: Liang Peng and Thomas G. Thibodeau Idiosyncratic risk in house prices is important to homeowners as it directly affects uncertainty in home value appreciation. This paper empirically examines whether this risk is systematically related to the level of house price, household income, and contemporaneous average home value appreciation of...

Author: Chen Huo, Thomas G. Thibodeau and Ron Throupe This paper analyzes the effect of a major airport closure on house prices. Because of the unique history and proximity to housing, the closure of the Stapleton International Airport in Denver CO allows for the study of house prices before and...

Author: Thomas G. Thibodeau Status: Published Publication: Encyclopedia of Housing 2nd Edition (2012) Many places across the globe experienced house price bubbles during the first seven years of this century. A May 2003 article in The Economist titled Castles in Hot Air identified “six countries where houses appear to be...