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A Housing Market Without Fannie Mae and Freddie Mac: Effect on the Homeownership Rate

The increase in the homeownership rate from 63.8 percent in the first quarter of 1994 to almost 70 percent in the first quarter of 2005 and its subsequent fall to 67.1 percent in the first quarter of 2010 has cast doubts on the effectiveness of the government’s policy of subsidizing mortgage interest rates and lowering down payments. Although a substantial amount of academic research has focused on the effects of GSE intervention in raising the homeownership rate, less attention has been paid ...
United States Freddie Mac Christianl Redfearn Christian Redfearn George Mccarthy Yuval Elmelech

How Government Unions Affect State and Local Finances: An Empirical 50-State Review

Executive Summary Over the past half-century, the American union movement has moved into government. Despite highly publicized efforts to curtail collective bargaining powers of government unions in Ohio and Wisconsin, almost all changes to government collective bargaining statutes over the past 20 years have increased, not decreased, the powers enjoyed by government unions.
United States West Virginia South Carolina Malta General National Bureau Of Economic Research Virginia Supreme Court

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