Means-Tested Mortgage Modification: Homes Saved or Income Destroyed?
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This paper uses the theories of price discrimination and optimal taxation to investigate effects of underwater mortgages on foreclosures and the incentives to earn income, and the degree to which those effects are shaped by public policy. I find that the federal government's means-tested mortgage
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美国国家经济研究局创建时间：
2009-08-01
