Arpit Gupta

TL;DR: This paper investigated whether homeowners respond strategically to news of mortgage modification programs by defaulting on their mortgages by exploiting plausibly exogenous variation in modification policy induced by U.S. state government lawsuits against Countrywide Financial Corporation, which agreed to offer modifications to seriously delinquent borrowers with mortgages throughout the country.

TL;DR: The authors investigated whether homeowners respond strategically to news of mortgage modification programs and found that the increase in default rates is largest among borrowers least likely to default otherwise, suggesting that strategic behavior should be an important consideration in designing mortgage modification program.

TL;DR: In this article, the authors show that the COVID-19 pandemic brought house price and rent declines in city centers, and price increases away from the center, thereby flattening the bid-rent curve in most U.S. metropolitan areas.

TL;DR: In this paper, the authors developed a method to quantify neighborhood activity behaviors at high spatial and temporal resolutions and test whether, and to what extent, behavioral responses to social-distancing policies vary with socioeconomic and demographic characteristics.

TL;DR: This work develops a method to quantify neighborhood activity behaviors at high spatial and temporal resolutions and test whether, and to what extent, behavioral responses to social-distancing policies vary with socioeconomic and demographic characteristics and evaluates the effects of localized demographic, socioeconomic, and built-environment density characteristics on infection rates and deaths.