Publication: Essays on the US Mortgage Market
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2022-04-01
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Zhang, David Hao. 2022. Essays on the US Mortgage Market. Doctoral dissertation, Harvard University Graduate School of Arts and Sciences.
Abstract
This dissertation explores issues surrounding inequality and inefficiency in US mortgage markets. In the first chapter, I identify inefficiencies in the US mortgage market stemming from heterogeneous borrower refinancing tendencies. In the second chapter, I develop a new methodology to assess discrimination in the menus context and apply it to the US mortgage market. In the third chapter, I assess the sources of racial inequality in mortgage payments and find that it is primarily driven by racial differences in prepayment speeds.
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Finance, Economics
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