CFS Affiliate and Professor at the WI School of Business, Anita Mukherjee, along with her co-authors, Hessam Bavafa and Junhao Liu, published their article in the Journal of Consumer Affairs, which examines the subject of improving financial and health literacy in reducing economic vulnerability in older age. This paper delves into the question of how and by what means individuals accumulate these types of human capital by looking at the impact of online search activities on the levels of financial and health literacy.
CFS Research Fellow and Professor of Economics at the University of Connecticut, Stephen Ross, along with his co-authors Weiran Huang of the Department of Finance in NYC and Ashlyn Nelson from Indiana University Bloomington, have released a working paper and policy brief that examine the spillover effects of foreclosure within broad neighborhoods.
In their recently published Housing Policy Debate article, co-authors Stephen Ross and Marsha Courchane present an overview of the research on discrimination in mortgage underwriting and pricing, the experiences of minority borrowers both prior to and during the financial crisis, and federal efforts to mitigate foreclosures during the crisis. They discuss the history of legal cases alleging disparate treatment of minority borrowers, and recent cases alleging disparate impact in the wake of the Supreme Court’s Inclusive Communities decision. Using these discussions as a background, Ross and Courchane examine and discuss mortgage regulations issued by the Consumer Financial Protection Bureau following the financial crisis, describe recent developments in the FinTech industry and explore the implications for fair lending policy and minority borrowers more generally. The authors draw conclusions and make recommendations for improving the mortgage market outcomes of minority borrowers and increasing minority borrowers’ access to credit.
Fenaba Addo, assistant professor of Consumer Science at the University of Wisconsin-Madison, published a paper in the Journal of Family & Economic Issues, which examines the contribution of wealth to racial/ethnic disparities in unintended first births. The full paper is now available.