Results

Blog

Promarket:

American Slaveholders Lost Their Wealth but Kept Their Political Power

In new research, Luna Bellani, Anselm Hager, and Stephan Maurer examine how the abolition of slavery after the American Civil War affected the political influence of former slaveholders. Despite the blow to their economi...Read more...

Blog

LSE British Politics:

Without radical planning reform, Burnham cannot build the houses he's promising

Governments keep promising to build more houses, and keep failing to do so. Now, Andy Burnham has upped the challenge by promising not just more houses, but specifically more council houses since World War II. Paul Chesh...Read more...

Blog

LSE Inequalities:

Andy Burnham's biggest challenge isn't Britain's old class system - it's the new one

Britain's new Prime Minister, Andy Burnham, is more "Evertonian" than "Etonian", notes Lee Elliot Major: with his working class roots and political identity rooted in North West England, he marks a radical break with the...Read more...

CentrePiece article

Take-away findings from food delivery apps

Do delivery apps reduce or enhance the attraction of cities?...Read more...

Blog

Transforming Society:

Five myths of meritocracy in the modern workplace

We like to believe that modern workplaces are meritocratic. The best ideas rise to the top. Hard work pays off. The most capable people succeed. But our research reveals a more complicated reality, write Lee Elliot Major...Read more...

Journal article

Economica:

Are the upwardly mobile more left-wing?

It is well-known that the wealthier are less likely to have Left-leaning political preferences. In addition, we consider here the role of the individual's starting position, and in particular their upward social mobility...Read more...

CEP discussion paper

What is the public?s social welfare function?

Optimal public policy requires a social welfare function defined over individual utilities. While there is substantial research on income-based social welfare functions, no published study has directly elicited public pr...Read more...

Blog

HEPI:

The unseen ripples of human possibility: how undergraduate tutors could lead a new era of National Service

Lee Elliot Major argues for a national university volunteering service which could involve undergraduates tutoring pupils and spread to other forms of community action....Read more...

CEP discussion paper

An Olympic opportunity

We use a unique natural experiment in which families were randomly selected to live in the Olympic Village, constructed for the 2004 Athens Olympic Games, to assess the impact of improved neighbourhood conditions on acad...Read more...

Journal article

Scientific Reports:

Sharing meals is associated with greater wellbeing

Although social connections are important drivers of wellbeing, and sharing meals is a nearly universal practice, the relationship between sharing meals and wellbeing remains underexplored. In Study 1, using novel data f...Read more...

Blog

Vox EU:

When and why political leaders polarise rhetoric: Evidence from Twitter/X

Standard theories of electoral competition predict that politicians should converge toward the centre as elections approach. This column challenges this prediction, using 3.4 million tweets from 367 political leaders acr...Read more...

Journal article

Journal of Urban Regeneration and Renewal:

Green belts and the inefficient allocation of land

Land is an economic resource, so the efficiency with which it is used is essentially an economic problem. This paper, therefore, approaches the issue from an economic perspective. Having surveyed the economic definitions...Read more...

Journal article

Nature Communications:

Social status and the relationship between income rank and well-being in 109 nations

Well-being is linked to income. However, lower well-being among lower-income individuals may reflect either economic relative deprivation or the lower social status associated with a lower income rank. Here, using Gallup...Read more...

CentrePiece article

Degrees of choice

Bolder applications mean that private school pupils end up at better universities than their exam results predict...Read more...

CEP discussion paper

Unpacking the restaurant experience: how food delivery technology favors the affluent urban core

We study how technological innovation has transformed the valuation of consumption services, using the sudden national expansion of food delivery services (FDS) in China as a natural experiment. Using a Bartik-style inst...Read more...

CEP discussion paper

Gangs of London and public housing

Novel spatial data on London street gangs between 1990 and 2015 are combined with local housing characteristics to produce a newly constructed data source that shows how social housing and its architectural design relate...Read more...

Journal article

SERIEs:

Paternity leave in Spain

Between 2017 and 2021, Spain progressively extended paternity leave from 2 to 16 weeks, equalizing it with maternity leave and introducing mandatory weeks. A 2018 reform also allowed fathers to split their leave. Using a...Read more...

Blog

LSE British Politics and Policy:

What the price-to-rent ratio reveals about Britain's housing crisis

The consensus that Britain's housing crisis stems from the lack of enough houses being built has received intense criticism lately. Christian Hilber and Andreas Mense analyse the price-to-rent ratio of UK homes and argue...Read more...

Journal article

Regional studies:

Can more housing supply improve affordability? A subnational perspective from Portugal

We investigate the impact of housing supply on affordability in rapidly appreciating subnational markets in Portugal. Our spatial econometric model confirms a negative relation between housing stock and prices, yet predi...Read more...

CEP discussion paper

Minority bureaucrats' networks and career progression: evidence from the Chinese maritime customs service

Do minorities benefit from social networks? In this paper, we study this question using the historical example of China's first modern bureaucratic organization, the Chinese Maritime Customs Service. Drawing on newly dig...Read more...

Blog

The Conversation:

Could new tenants' rights usher in rent controls? Here's why that wouldn't necessarily be a positive

The new Renters' Rights Act introduces provisions to protect tenants in England against rent increases. While the UK government says it "does not support the introduction of rent controls", the act does allow tenants to ...Read more...

Blog

LSE Inequalities:

Bred to rule: What a A#180,000 private tutor job reveals about the education arms race

What does a A#180,000 job ad for a private tutor *for a baby* reveal about the global education arms race? It's tempting to put it down to the eccentric indulgence of a tiny global elite. But it in fact points to an expl...Read more...

Blog

The Conversation:

How new renters' rights could drive landlords out of the market

Many elements of the renters' rights bill are likely to improve the lives of renters without harming landlords. But some of the improvements for tenants will make being a landlord more difficult or even, for some, undesi...Read more...

Blog

LSE British Politics and Policy:

Elite school students end up in better universities than expected, based on their grades

Students of private and grammar schools are over-represented in elite universities. While some of that is explained by better grades, therse is also a degree of mismatch between how well students do in exams and the qual...Read more...

CEP discussion paper

Following in the family footsteps: Incidence and returns of occupational persistence

Children often follow their parents into the same occupations. However, evidence on the economic returns of occupational persistence is scarce and understanding these outcomes and their unequal prevalence across social s...Read more...

External report

Policy Landscape 2025:

Housing (chapter)

As Parliament returns from its summer recess, the Resolution Foundation and UK in a Changing Europe have partnered to produce the Policy Landscape 2025 report - a series of evidence-led, research-based assessments of the...Read more...

Blog

The Conversation:

Housebuyers hate stamp duty. Why hasn't it been reformed before now?

For years, academic economists have argued that council tax and stamp duty are deeply flawed. But now the UK government is said to be considering a change to stamp duty so that it is only paid on houses selling for more ...Read more...

Blog

LSE Inequalities:

How does housing affect educational outcomes? Evidence from the UK's Right to Buy scheme

Right-to-Buy gave tenants of local authority owned 'council' houses the chance to own their home. The policy, which began in 1980, has been criticised for increasing inequality in the housing market, but Richard Disney a...Read more...

CEP discussion paper

Who is my neighbour? Short-term renting and civic engagement in London

Urbanization has transformed cities into the economic hubs of high-income countries, yet concerns about declining social capital persist. This paper investigates the impact of changes in neighbourhood composition on soci...Read more...

CentrePiece article

The benefits of elite universities are more social than academic

From Cambridge and Oxford to Harvard and Yale, elite universities are a feature of many education systems. Andres Barrios Fernandez, Christopher Neilson and Seth Zimmerman ask whether these institutions of higher educati...Read more...

CentrePiece article

The lasting impact of 9/11 on Muslim integration in America

Understanding the long-term social impact of historical events provides insights into current global debates on immigration, integration and Islamophobia. In a study of the aftermath of the 9/11 attacks, Shadi Farahza...Read more...

Government consultation

Social mobility policy

This submission argues for a new model of social mobility that recognises and values all forms of talent - academic, vocational, and creative - and helps people to lead decent lives, wherever they live, whatever their ba...Read more...

Government consultation

Social mobility policy committee

To ensure inclusivity in the post-16 education system, the government must guarantee a clear progression route for the "other 50 per cent" of young people who are not on the academic track. The government should introduc...Read more...

Government consultation

Planning and Infrastructure Bill

Written evidence submitted by Paul Cheshire to the planning and infrastructure bill committee...Read more...

Journal article

American Economic Review:

Fighting climate change: international attitudes toward climate policies

This paper explores global perceptions and understanding of climate change and policies, examining factors that influence support for climate action and the impact of different types of information. We conduct large-scal...Read more...

Journal article

Economic Geography:

Don?t shoot the pianist: creative firms, workers, and neighbourhood gentrification

We examine links between creative activity and gentrification at the neighbourhood level. These dynamics are both complex and important to understand. Artists may help `upgrade? inexpensive neighbourhoods before being di...Read more...

Blog

The Conversation:

Why sharing meals can make people happier - what evidence from 142 countries shows

The importance of sharing meals is recognised across cultures, from the Jewish Shabbat meal to the fast-breaking Iftar meals during Ramadan. The known link between food and social relationships is ancient. The English wo...Read more...

Government consultation

Education committee - Further education and skills

The further education sector is currently navigating a series of reforms and challenges. In this inquiry the Education Committee will explore these issues and other pressures currently facing the further education sector...Read more...

Blog

IMF Finance and Development magazine :

Innovation's Unseen Frontier

Notwithstanding Plato's 2,400-year-old proverb, necessity alone is not the mother of invention. It also requires opportunity. An individual's likelihood of becoming an innovator reflects parental background in terms of i...Read more...

Blog

LSE USA Politics and Policy:

The lasting impact of 9/11 on Muslim integration in America

With ongoing global debates on immigration, integration, and rising Islamophobia, understanding the long-term social impacts of historical events is more important than ever. Shadi Farahzadi studies the effects of the 9/...Read more...

Chapter

WELLBY

in Elgar Encyclopedia of Behavioural and Experimental Economics

The WELLBY is a measure of individual subjective wellbeing, as judged by individuals themselves, capturing both the quality of life and the length of life. We outline its use for measuring social progress and for social ...Read more...

CentrePiece article

in brief... Successful caps on fees disprove the idea that it?s unwise to meddle with free markets

Jan David Bakker and Nikhil Datta show how the success of a reform of letting agents? fees was partly due to their hidden nature....Read more...

Journal article

The Economic Journal:

Judge dread: Court severity, repossession risk and demand in mortgage and housing markets

We study the impact of borrower protection on mortgage and housing demand using variation in the likelihood that houses are repossessed coming from heterogeneity in preferences of local judges. We develop a framework tha...Read more...

Journal article

International Journal of Microsimulation:

Social distress and (some) relief: estimating the impact of pandemic job loss on poverty in South Africa

Up-to-date, nationally representative household income/expenditure data are crucial for estimating poverty during the Covid-19 pandemic and to policy-making more broadly, but many developing countries lack such data. We ...Read more...

Journal article

American Economic Review:

Five facts about MPCs: evidence from a randomized experiment

We present five facts from an experiment on the marginal propensity to consume (MPC) out of transitory transfers: (1) the one-month MPC on a cash-like transfer is 23 percent; (2) it is substantially higher (61 percent) o...Read more...

CEP discussion paper

Human capital from childhood exposure to homeownership: evidence from Right-to-Buy

"Right to Buy" (RTB) was a large-scale UK housing policy whereby incumbent tenants in public housing could buy their properties at heavily subsidised prices. The policy increased the national homeownership rate by over 1...Read more...

CEP discussion paper

Measuring quality of life under spatial frictions

Using a quantitative spatial model as a data-generating process, we explore how spatial frictions affect the measurement of quality of life. We find that under a canonical parameterization, mobility frictions - generated...Read more...

Blog

The Conversation:

Successful caps on English letting agents' fees disprove the idea that it's unwise to meddle with free markets

Five years ago, the UK government enacted the first legislation regulating prices in the English rental market since the 1960s. The Tenant Fees Act 2019 didn't interfere with what landlords can charge tenants in rent, bu...Read more...

CEP discussion paper

The integration penalty: impact of 9/11 on the Muslim marriage market

Major sociopolitical events can have lasting impacts on integration through changing marriage preferences. Marriage markets, due to their unregulated nature, both reflect and affect integration in society. I use 9/11 as ...Read more...

CEP discussion paper

Trade and intergenerational income mobility: theory and evidence from the US

This paper studies how globalization influences intergenerational income mobility. We develop a dynamic economic geography model with overlapping generations, migration costs, and sectoral persistence. The model shows th...Read more...

Journal article

The Review of Economics and Statistics:

Happy to help: welfare effects of a nationwide volunteering programme

We study the wellbeing returns from volunteering in England's National Health Service (NHS) Volunteer Responders, set up in response to Covid-19. Using linked survey and administrative data, we exploit the oversubscripti...Read more...

Government consultation

Scottish parliament: Local Government, Housing and Planning Committee

Christian Hilber gives evidence to the Housing inquiry....Read more...

Blog

LSE Impact of Social Sciences:

AI can carry out qualitative research at unprecedented scale

The interactional skill of large language models enables them to carry out qualitative research interviews at speed and scale. Demonstrating the ability of these new techniques in a range of qualitative enquiries, Friedr...Read more...

Blog

VOX EU:

The housing consumption channel of mortgage demand

Many housing markets have experienced a dramatic rise in house prices and mortgage debt over recent decades that has outpaced average income growth. Increased wealth and increased collateral values have been cited as pos...Read more...

Journal article

World Development:

Institutional transition: Social cohesion and demand for land titles in urban Tanzania

In much of urban Africa, demand for statutory property rights remains low even when governments coordinate land titling programmes and reduce the costs of registration. This paper studies the Residential Licence programm...Read more...

Government consultation

Industry and Regulators Committee

I am an economist who has worked (on and off) on post-school education for many years. From 1961-64 I was senior Research Officer to the Robbins Committee. In 1994 I co-edited Britain's Training Deficit. From 1997-2001 I...Read more...

Blog

LSE Inequalities:

Sliding down the Great Gatsby curve in search of the Scandinavian dream

The new UK government has separate missions to break down the barriers to opportunity and to boost growth - together, the "Scandinavian dream". The problem, write Steve Machin and Lee Elliot Major, is Britain's high leve...Read more...

Blog

LSE Politics and Policy:

Why higher house prices lead to higher borrowing

In the past three decades, house prices and mortgage debt in the UK have risen much faster than income. In other words, people end up borrowing more money when house prices go up. This finding goes against many canonical...Read more...

Blog

The Conversation:

Why building new towns isn't the answer to the UK's housing crisis

The UK's new government is intent on building 1.5 million homes over the next five years. It's all part of the plan to address the housing supply and affordability crisis. Many of these homes are to be built in the form...Read more...

Chapter

Money and happiness

in Encyclopedia of Happiness, Quality of Life and Subjective Wellbeing

Many people believe that earning more money would bring more happiness into their lives. However, despite massive improvements in material living conditions in most Western countries, average population happiness has sta...Read more...

CEP discussion paper

Elite universities and the intergenerational transmission of human and social capital

Do elite colleges help talented students join the social elite, or help incumbent elites retain their positions? We combine intergenerationally-linked data from Chile with a regression discontinuity design to show that, ...Read more...

Blog

LSE Politics and Policy:

Labour's planning reforms - how to make housing targets work

Labour promised serious reforms to the planning system while in opposition. What it has proposed now that it's in Government, including reforms to the National Planning Policy Framework, is very far from a fundamental re...Read more...

Blog

LSE Politics and Policy:

Labour's planning reforms - building on grey belts and missed opportunities

Perhaps the proposal that people are most aware of when it comes to Labour's planning reform plans, the one that hit the headlines, is the idea of potentially re-defining small areas of green belts as "grey belt land". T...Read more...

CEP discussion paper

Housing-consumption channel of mortgage demand

We quantify the housing-consumption channel in mortgage demand according to which households borrow more following house-price increases since housing and non-housing consumption are imperfect substitutes. To identify th...Read more...

Journal article

Oxford Open Economics:

Labour market inequality

Wage and earnings inequality has been on the rise in the United Kingdom (UK) since the late 1970s/early 1980s, and with faster increases than comparator countries, it is now one of the countries with the highest levels o...Read more...

Journal article

Encyclopaedia of Happiness, Quality of Life and Subjective Wellbeing:

Money and happiness

Many people believe that earning more money would bring more happiness into their lives. However, despite massive improvements in material living conditions in most Western countries, average population happiness has sta...Read more...

Blog

Jam Tomorrow (Podcast):

The Green Belt: Fields forever? (podcast)

Ros Taylor talks to LSE professor Paul Cheshire and journalist Jonn Elledge about the problems facing Labour as it tries to persuade Britons of the need for more housing and infrastructure. And Paul Cheshire sets out a p...Read more...

CEP discussion paper

Avenging the tenants: regulating the middle man's rents

We explore the role of intermediaries in the rental market. Using novel UK data on fees letting agencies charged to both tenants and landlords, combined with a matched property-agency listings dataset, we study the effec...Read more...

CEP election analysis

Further and higher education

There are not enough graduates for sectors in which the UK has a comparative advantage and there are too few people educated to sub-degree level compared to other countries....Read more...

CEP election analysis

Schools

Schools in England, and the UK as a whole, need greater investment. Failure to do so puts economic growth in jeopardy as well as worsening social mobility....Read more...

CEP election analysis

Housing and planning

The housing affordability crisis not only restricts access to decent housing, or housing at all, but it has adverse effects on equality, social cohesion, retirement planning, productivity and economic growth....Read more...

CentrePiece article

in brief... Why representation in economics matters

To inspire the next generation of black economists, how important is it for them to see people like themselves working in the profession? Felicia Odamtten, an economist at the Resolution Foundation and founder of The Bla...Read more...

CentrePiece article

The economic costs of the failing planning system

Paul Cheshire began to investigate the economic effects of the UK?s planning system 40 years ago. Here he draws on a recent public lecture ? and panel discussion with Stephen Aldridge, Kate Barker and Simon Wolfson ? to ...Read more...

CentrePiece article

A generation scarred by the Covid-19 pandemic

The impact of the pandemic on education means that pupils in England are on course for lower GCSE grades well into the 2030s. Lee Elliot Major, Andrew Eyles, Esme Lillywhite and Stephen Machin say that the school system ...Read more...

CEP discussion paper

Land use regulation, homeownership and wealth inequality

We examine the role that housing market regulatory restrictiveness plays in differentially affecting the net wealth of owners and renters over time, and its contribution to wealth inequality. In tightly regulated desirab...Read more...

Journal article

Town Planning Review:

Pushing water uphill: containment policies doomed to fail

London has had a green belt for seventy years making it the `canary in the coal mine? for `zero land take?. Because of strong demand for housing space, rising prosperity underlies rising urban land demand so rigid physic...Read more...

Journal article

The Economic Journal:

Taking back control? Quasi-experimental evidence on the impact of retirement on locus of control

We use Australian panel data to examine the impact of retirement on individual locus of control, a socio-emotional skill with substantial explanatory power for a broad range of life outcomes. Exploiting the eligibility a...Read more...

External report

A generation at risk: rebalancing education in the post-pandemic era

We present for the first time a model of children's evolving socio-emotional and cognitive skills to assess how the educational and lifetime prospects of children of different ages, genders and socio-economic backgrounds...Read more...

External report

Labour Economics: Thinking through Labour's economic agenda

With the Labour Party having vowed to achieve the fastest growth in the G7, the Social Market Foundation has brought together leading economic experts to provide independent analysis of the party's proposed approach - an...Read more...

Blog

LSE Inequalities:

A class apart: prime ministers' origins profoundly impact their political worldviews

The background of our Prime Ministers hugely influences the judgements they make. Yet our leaders are drawn from an astonishingly narrow slice of society: every PM who attended an English university since WW2 went to Oxf...Read more...

Journal article

Cambridge Journal of Evidence-Based Policing:

Can social media reach isolated domestic abuse victims? Evidence from a randomized control trial during the Covid-19 lockdown

Research Questions Can social media reach isolated domestic abuse victims? Secondly, does providing victims with more information and a safer means of contacting police change their likelihood of domestic abuse reporting...Read more...

CEP discussion paper

Why delay? Understanding the construction lag, aka the build out rate

We explore the determinants of the speed of residential development after dwelling construction starts. Using a sample of over 140,000 residential developments in England from 1996 to 2015 and employing an instrumental v...Read more...

Blog

Vox EU:

Intergenerational income mobility in France: A comparative and geographic analysis

The question of the extent to which individuals' incomes are related to those of their parents has seen renewed interest as rising income inequality raises concerns about equality of opportunity. Gustave Kenedi and Louis...Read more...

Journal article

Journal of Labor Economics:

The employment and distributional impacts of Nationwide Minimum Wage changes

We estimate the effect of the introduction of the UK?s National Living Wage in 2016, and increases in it up to 2019, using a new empirical method. We apply a bunching approach to a setting with no geographical variation ...Read more...

Journal article

Labour Economics:

Social restrictions, leisure and well-being

A wide-ranging public debate surrounds how pandemic lockdown measures differentially impacted individuals and which precise mechanisms ? whether financial-, health-, or policy-driven ? predominate in determining these ef...Read more...

Journal article

Journal of the European Economic Association :

Formation of college plans: expected returns, preferences and adjustment process

We exploit a large exogenous shock to study the formation, and updating, of educational plans, and to examine how these plans ultimately impact later educational attainment. Using novel, longitudinal, microdata on cohort...Read more...

Blog

LSE EUROPP:

Online tutoring can transform education for disadvantaged students

Online tutoring programmes have emerged as an effective strategy for narrowing the educational gaps that were exacerbated by the pandemic. Claudia Hupkau, Lucas Gortazar and Antonio Roldan-Mones outline how an eight-week...Read more...

Blog

Wonkhe:

The spiralling costs of higher education are hitting stay at home students harder

Commuter students face financial struggle and a growing sense of isolation from campus. Lee Elliot Major introduces the findings of a new student money and wellbeing survey....Read more...

Blog

LSE Business Review:

Do publicly funded autonomous schools improve education systems in the world?

In recent decades, many countries have established autonomous schools, which are publicly funded but can operate more independently than government-run schools. Natalie Irmert, Jan Bietenbeck, Linn Mattisson and Felix We...Read more...

CentrePiece article

Ending stagnation

What can be done to address Britain?s relative economic decline over the past decade and a half? The final report of the Economy 2030 Inquiry presents an ambitious strategy for reversing decades of under-investment, by t...Read more...

Journal article

Nature Human Behaviour:

Consumption responses to an unconditional child allowance in the United States

The COVID-19 pandemic put families in the United States under financial stress. The federal government's largest response in 2021 was the American Rescue Plan Act, which temporarily expanded the Child Tax Credit (CTC) in...Read more...

CEP Insights

Insights: condensed

The Insights series is an introduction to the work of the Centre for Economic Performance (CEP). Each Insight highlights the contribution of CEP researchers to both academic understanding and policymaking in one area of ...Read more...

Journal article

Journal of Economic Behavior & Organization:

House price expectations

This study examines short-, medium-, and long-run price expectations in housing markets. At the heart of our analysis is the combination of data from a tailored in-person household survey, past sale offerings, satellite ...Read more...

Journal article

Journal of Economic Behavior & Organization:

Does growing up in economic hard times increase compassion? The case of attitudes towards immigration

There is some evidence that people who grew up in economic hard times more strongly favor government redistribution and are more compassionate towards the poor. We investigate how inclusive this increase in compassion is...Read more...

Journal article

American Economic Journal: Economic Policy :

Local retail prices, product variety, and neighborhood change

We study how local grocery markets within a city are affected by changes in housing markets. Our empirical strategy exploits a shift in the spatial distribution of construction activity induced by a large-scale, place-ba...Read more...

Blog

Higher Education Policy Institute:

Confronting higher education's class divide

Lee Elliot Major explains why developing an equity approach in higher education is the only way we will ever level the learning playing field - and lays out three simple steps we can take to achieve this....Read more...

Journal article

PLoS ONE :

Access to digital finance: Equity crowdfunding across countries and platforms

Financing entrepreneurship spurs innovation and economic growth. Digital financial platforms that crowdfund equity for entrepreneurs have emerged globally, yet they remain poorly understood. We model equity crowdfunding ...Read more...

Blog

LSE Impact:

Dashboards have the power to make complex research accessible to the public and policymakers

While researchers often point to the relevance of their research, economic models and econometric methods are typically inaccessible to a wider audience. Gabriel Ahlfeldt explains how interactive dashboards represent a u...Read more...

Journal article

Journal of Urban Economics:

On the economic impacts of mortgage credit expansion policies: evidence from help to buy

We take advantage of two spatial discontinuities in Britain's Help to Buy (HtB) scheme to explore the effectiveness and distributional implications of mortgage credit expansion policies. Employing a Difference-in-Discont...Read more...

Blog

LSE USAPP:

Corporate landlords are eroding the American dream of homeownership, especially in black neighborhoods

There has been a growing trend for institutional investors to purchase single-family homes and convert them to permanent rental properties. At the same time, homeownership rates for black households have declined on par ...Read more...