Unemployment, Negative Equity, and Strategic Default
Unemployment, Negative Equity, and Strategic Default – Kristopher Gerardi, Kyle F. Herkenhoff, Lee E. Ohanian, and Paul S. Willen. Federal Reserve Bank of Atlanta. Working Paper 2013-4. August 2013 “Using new household-level data, we quantitatively assess the roles that job loss, negative equity, and wealth (including unsecured debt, liquid assets, and illiquid assets) play in …