NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Paul S. Willen

Federal Reserve Bank of Boston
Research Department
600 Atlantic Avenue
Boston, MA 02210-2204
Tel: 617/973-3149
Fax: 617/973-2123

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NBER Program Affiliations: EFG
NBER Affiliation: Faculty Research Fellow

NBER Working Papers and Publications

August 2017The Time-Varying Price of Financial Intermediation in the Mortgage Market
with Andreas Fuster, Stephanie H. Lo: w23706
December 2016Cross-Sectional Patterns of Mortgage Debt during the Housing Boom: Evidence and Implications
with Christopher L. Foote, Lara Loewenstein: w22985
October 2015Can't Pay or Won't Pay? Unemployment, Negative Equity, and Strategic Default
with Kristopher Gerardi, Kyle F. Herkenhoff, Lee E. Ohanian: w21630
May 2014Evaluating Policies to Prevent another Crisis: An Economist's View
w20100
April 2014The Role of Proximity in Foreclosure Externalities: Evidence from Condominiums
with Lynn M. Fisher, Lauren Lambie-Hanson: w20080

Published: Lynn M. Fisher & Lauren Lambie-Hanson & Paul Willen, 2015. "The Role of Proximity in Foreclosure Externalities: Evidence from Condominiums," American Economic Journal: Economic Policy, vol 7(1), pages 119-140.

August 2013Payment Size, Negative Equity, and Mortgage Default
with Andreas Fuster: w19345
September 2012Foreclosure externalities: Some new evidence
with Kristopher Gerardi, Eric Rosenblatt, Vincent Yao: w18353

Published: Journal of Urban Economics Volume 87, May 2015, Pages 42–56 Cover image Foreclosure externalities: New evidence ☆ Kristopher Gerardia, , , Eric Rosenblattb, , Paul S. Willenc, , Vincent Yaob,

May 2012Why Did So Many People Make So Many Ex Post Bad Decisions? The Causes of the Foreclosure Crisis
with Christopher L. Foote, Kristopher S. Gerardi: w18082
December 2011Do Borrower Rights Improve Borrower Outcomes? Evidence from the Foreclosure Process
with Kristopher Gerardi, Lauren Lambie-Hanson: w17666

Published: Gerardi, Kristopher & Lambie-Hanson, Lauren & Willen, Paul S., 2013. "Do borrower rights improve borrower outcomes? Evidence from the foreclosure process," Journal of Urban Economics, Elsevier, vol. 73(1), pages 1-17. citation courtesy of

April 2010Reducing Foreclosures: No Easy Answers
with Christopher Foote, Kristopher Gerardi, Lorenz Goette
in NBER Macroeconomics Annual 2009, Volume 24, Daron Acemoglu, Kenneth Rogoff and Michael Woodford, editors
March 2010Insuring Consumption Using Income-Linked Assets
with Andreas Fuster: w15829

Published: Andreas Fuster & Paul S. Willen, 2011. "Insuring Consumption Using Income-Linked Assets," Review of Finance, European Finance Association, vol. 15(4), pages 835-873. citation courtesy of

July 2009Why Don't Lenders Renegotiate More Home Mortgages? Redefaults, Self-Cures and Securitization
with Manuel Adelino, Kristopher Gerardi: w15159

Published: "Why Don't Lenders Renegotiate More Home Mortgages? Redefaults, Self-Cures and Securitizations." With Manuel Adelino and Kris Gerardi. 2013. Journal of Monetary Economics 60(7):835-853. citation courtesy of

June 2009Reducing Foreclosures: No Easy Answers
with Christopher Foote, Kristopher Gerardi, Lorenz Goette: w15063

Published: Acemoglu, Daron, Kenneth Rogoff, and Michael Woodford (eds.) NBER Macroeconomics Annual 2009, Volume 24. Chicago: University of Chicago Press, 2010.

March 2007Do Households Benefit from Financial Deregulation and Innovation? The Case of the Mortgage Market
with Kristopher Gerardi, Harvey S. Rosen: w12967

Published: Kristopher Gerardi & Harvey S. Rosen & Paul S. Willen, 2007. "A summary of: "Do households benefit from financial deregulation and innovation? the case of mortgage market"," Proceedings, Federal Reserve Bank of Chicago, issue May, pages 302-303.

June 2006Collateralized Borrowing and Life-Cycle Portfolio Choice
with Felix Kubler: w12309
November 2004Educational Opportunity and Income Inequality
with Igal Hendel, Joel Shapiro: w10879

Published: Hendel, Igal & Shapiro, Joel & Willen, Paul, 2005. "Educational opportunity and income inequality," Journal of Public Economics, Elsevier, vol. 89(5-6), pages 841-870, June. citation courtesy of

February 2004Social Security and Unsecured Debt
with Erik Hurst: w10282

Published: Hurst, Erik & Willen, Paul, 2007. "Social security and unsecured debt," Journal of Public Economics, Elsevier, vol. 91(7-8), pages 1273-1297, August. citation courtesy of

November 2002Borrowing Costs and the Demand for Equity Over the Life Cycle
with Steven J. Davis, Felix Kubler: w9331

Published: Davis, Steven J., Felix Kubler and Paul Willen. "Borrowing Costs And The Demand For Equity Over The Life Cycle," Review of Economics and Statistics, 2006, v88(2,May), 348-362. citation courtesy of

September 2000Occupation-Level Income Shocks and Asset Returns: Their Covariance and Implications for Portfolio Choice
with Steven J. Davis: w7905

Published: Steven J. Davis & Paul Willen, 2013. "Occupation-Level Income Shocks and Asset Returns: Their Covariance and Implications for Portfolio Choice," Quarterly Journal of Finance (QJF), World Scientific Publishing Co. Pte. Ltd., vol. 3(03), pages 1350011-1-1. citation courtesy of

July 2000On the Gains to International Trade in Risky Financial Assets
with Steven J. Davis, Jeremy Nalewaik: w7796
 
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