“On September 28th, Hurricane Ian made landfall in Southwest Florida. After devastating Puerto Rico and Cuba, the Category 4 storm lashed Florida’s Gulf Coast with 150 mile per hour winds and a 7-foot storm surge, …
Homeowners in whiter and wealthier communities are likely to see their home values rebound more quickly.
Previous research has shown a substantial increase in income inequality between rural and urban China as well as across and within regions in China during its growth process. Focusing on rural China, this column provides further evidence that the formal and informal mechanisms that previously protected households against unanticipated income changes weakened considerably from the late 1980s to the late 2000s, especially those that help to insure against village-level aggregate income risk.
Regulation of small-dollar lending in the United States is heterogeneous, leaving open the question about what policy designs work best for protecting consumers. We compare the effectiveness of regulations that include a consumer eligibility component and regulations that apply to all consumers, centering our analyses on communities with disproportionate exposure to high-interest lending storefronts.