Publication Information

{'id': 'https://openalex.org/W1947763232', 'doi': 'https://doi.org/10.3386/w21630', 'title': "Can't Pay or Won't Pay? Unemployment, Negative Equity, and Strategic Default", 'display_name': "Can't Pay or Won't Pay? Unemployment, Negative Equity, and Strategic Default", 'publication_year': 2015, 'publication_date': '2015-10-01', 'ids': {'openalex': 'https://openalex.org/W1947763232', 'doi': 'https://doi.org/10.3386/w21630', 'mag': '1947763232'}, 'language': 'en', 'primary_location': {'is_oa': True, 'landing_page_url': 'https://doi.org/10.3386/w21630', 'pdf_url': None, 'source': None, 'license': None, 'license_id': None, 'version': 'publishedVersion', 'is_accepted': True, 'is_published': True}, 'type': 'report', 'type_crossref': 'report', 'indexed_in': ['crossref'], 'open_access': {'is_oa': True, 'oa_status': 'bronze', 'oa_url': 'https://doi.org/10.3386/w21630', 'any_repository_has_fulltext': True}, 'authorships': [{'author_position': 'first', 'author': {'id': 'https://openalex.org/A5068958098', 'display_name': 'Kristopher Gerardi', 'orcid': 'https://orcid.org/0000-0002-7775-4105'}, 'institutions': [{'id': 'https://openalex.org/I1321305853', 'display_name': 'National Bureau of Economic Research', 'ror': 'https://ror.org/04grmx538', 'country_code': 'US', 'type': 'nonprofit', 'lineage': ['https://openalex.org/I1321305853']}, {'id': 'https://openalex.org/I119878761', 'display_name': 'Federal Reserve Bank of Atlanta', 'ror': 'https://ror.org/05qg1tz58', 'country_code': 'US', 'type': 'other', 'lineage': ['https://openalex.org/I119878761', 'https://openalex.org/I1317239608']}, {'id': 'https://openalex.org/I130238516', 'display_name': 'University of Minnesota', 'ror': 'https://ror.org/017zqws13', 'country_code': 'US', 'type': 'education', 'lineage': ['https://openalex.org/I130238516']}], 'countries': ['US'], 'is_corresponding': False, 'raw_author_name': 'Kristopher Gerardi', 'raw_affiliation_strings': ['Department of Economics University of Minnesota', 'Federal Reserve Bank of Atlanta 1000 Peachtree St. NE Atlanta, GA 30309', 'NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138'], 'affiliations': [{'raw_affiliation_string': 'NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138', 'institution_ids': ['https://openalex.org/I1321305853']}, {'raw_affiliation_string': 'Federal Reserve Bank of Atlanta 1000 Peachtree St. NE Atlanta, GA 30309', 'institution_ids': ['https://openalex.org/I119878761']}, {'raw_affiliation_string': 'Department of Economics University of Minnesota', 'institution_ids': ['https://openalex.org/I130238516']}]}, {'author_position': 'middle', 'author': {'id': 'https://openalex.org/A5057061317', 'display_name': 'Kyle Herkenhoff', 'orcid': 'https://orcid.org/0000-0002-6093-8688'}, 'institutions': [{'id': 'https://openalex.org/I1321305853', 'display_name': 'National Bureau of Economic Research', 'ror': 'https://ror.org/04grmx538', 'country_code': 'US', 'type': 'nonprofit', 'lineage': ['https://openalex.org/I1321305853']}, {'id': 'https://openalex.org/I119878761', 'display_name': 'Federal Reserve Bank of Atlanta', 'ror': 'https://ror.org/05qg1tz58', 'country_code': 'US', 'type': 'other', 'lineage': ['https://openalex.org/I119878761', 'https://openalex.org/I1317239608']}, {'id': 'https://openalex.org/I161318765', 'display_name': 'University of California, Los Angeles', 'ror': 'https://ror.org/046rm7j60', 'country_code': 'US', 'type': 'education', 'lineage': ['https://openalex.org/I161318765']}], 'countries': ['US'], 'is_corresponding': False, 'raw_author_name': 'Kyle Herkenhoff', 'raw_affiliation_strings': ['8283 Bunche Hall UCLA, Department of Economics Box 951477 Los Angeles, CA 90095 and', 'Federal Reserve Bank of Atlanta 1000 Peachtree St. NE Atlanta, GA 30309', 'NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138'], 'affiliations': [{'raw_affiliation_string': 'NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138', 'institution_ids': ['https://openalex.org/I1321305853']}, {'raw_affiliation_string': 'Federal Reserve Bank of Atlanta 1000 Peachtree St. NE Atlanta, GA 30309', 'institution_ids': ['https://openalex.org/I119878761']}, {'raw_affiliation_string': '8283 Bunche Hall UCLA, Department of Economics Box 951477 Los Angeles, CA 90095 and', 'institution_ids': ['https://openalex.org/I161318765']}]}, {'author_position': 'middle', 'author': {'id': 'https://openalex.org/A5040368490', 'display_name': 'Lee E. Ohanian', 'orcid': 'https://orcid.org/0000-0002-1190-4182'}, 'institutions': [{'id': 'https://openalex.org/I1321305853', 'display_name': 'National Bureau of Economic Research', 'ror': 'https://ror.org/04grmx538', 'country_code': 'US', 'type': 'nonprofit', 'lineage': ['https://openalex.org/I1321305853']}, {'id': 'https://openalex.org/I119878761', 'display_name': 'Federal Reserve Bank of Atlanta', 'ror': 'https://ror.org/05qg1tz58', 'country_code': 'US', 'type': 'other', 'lineage': ['https://openalex.org/I119878761', 'https://openalex.org/I1317239608']}], 'countries': ['US'], 'is_corresponding': False, 'raw_author_name': 'Lee Ohanian', 'raw_affiliation_strings': ['Federal Reserve Bank of Atlanta 1000 Peachtree St. NE Atlanta, GA 30309', 'NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138'], 'affiliations': [{'raw_affiliation_string': 'NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138', 'institution_ids': ['https://openalex.org/I1321305853']}, {'raw_affiliation_string': 'Federal Reserve Bank of Atlanta 1000 Peachtree St. NE Atlanta, GA 30309', 'institution_ids': ['https://openalex.org/I119878761']}]}, {'author_position': 'last', 'author': {'id': 'https://openalex.org/A5038931983', 'display_name': 'Paul Willen', 'orcid': None}, 'institutions': [{'id': 'https://openalex.org/I46510805', 'display_name': 'Federal Reserve Bank of Boston', 'ror': 'https://ror.org/01djrhs97', 'country_code': 'US', 'type': 'other', 'lineage': ['https://openalex.org/I1317239608', 'https://openalex.org/I46510805']}, {'id': 'https://openalex.org/I1321305853', 'display_name': 'National Bureau of Economic Research', 'ror': 'https://ror.org/04grmx538', 'country_code': 'US', 'type': 'nonprofit', 'lineage': ['https://openalex.org/I1321305853']}, {'id': 'https://openalex.org/I119878761', 'display_name': 'Federal Reserve Bank of Atlanta', 'ror': 'https://ror.org/05qg1tz58', 'country_code': 'US', 'type': 'other', 'lineage': ['https://openalex.org/I119878761', 'https://openalex.org/I1317239608']}], 'countries': ['US'], 'is_corresponding': False, 'raw_author_name': 'Paul Willen', 'raw_affiliation_strings': ['Federal Reserve Bank of Atlanta 1000 Peachtree St. NE Atlanta, GA 30309', 'Federal Reserve Bank of Boston Research Department 600 Atlantic Avenue Boston, MA 02210-2204', 'NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138'], 'affiliations': [{'raw_affiliation_string': 'Federal Reserve Bank of Boston Research Department 600 Atlantic Avenue Boston, MA 02210-2204', 'institution_ids': ['https://openalex.org/I46510805']}, {'raw_affiliation_string': 'NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138', 'institution_ids': ['https://openalex.org/I1321305853']}, {'raw_affiliation_string': 'Federal Reserve Bank of Atlanta 1000 Peachtree St. NE Atlanta, GA 30309', 'institution_ids': ['https://openalex.org/I119878761']}]}], 'institution_assertions': [], 'countries_distinct_count': 1, 'institutions_distinct_count': 5, 'corresponding_author_ids': [], 'corresponding_institution_ids': [], 'apc_list': None, 'apc_paid': None, 'fwci': None, 'has_fulltext': True, 'fulltext_origin': 'pdf', 'cited_by_count': 63, 'citation_normalized_percentile': {'value': 0.882812, 'is_in_top_1_percent': False, 'is_in_top_10_percent': False}, 'cited_by_percentile_year': {'min': 97, 'max': 98}, 'biblio': {'volume': None, 'issue': None, 'first_page': None, 'last_page': None}, 'is_retracted': False, 'is_paratext': False, 'primary_topic': {'id': 'https://openalex.org/T10632', 'display_name': 'Housing Market and Economics', 'score': 0.9994, 'subfield': {'id': 'https://openalex.org/subfields/2002', 'display_name': 'Economics and Econometrics'}, 'field': {'id': 'https://openalex.org/fields/20', 'display_name': 'Economics, Econometrics and Finance'}, 'domain': {'id': 'https://openalex.org/domains/2', 'display_name': 'Social Sciences'}}, 'topics': [{'id': 'https://openalex.org/T10632', 'display_name': 'Housing Market and Economics', 'score': 0.9994, 'subfield': {'id': 'https://openalex.org/subfields/2002', 'display_name': 'Economics and Econometrics'}, 'field': {'id': 'https://openalex.org/fields/20', 'display_name': 'Economics, Econometrics and Finance'}, 'domain': {'id': 'https://openalex.org/domains/2', 'display_name': 'Social Sciences'}}, {'id': 'https://openalex.org/T11817', 'display_name': 'Housing, Finance, and Neoliberalism', 'score': 0.994, 'subfield': {'id': 'https://openalex.org/subfields/2003', 'display_name': 'Finance'}, 'field': {'id': 'https://openalex.org/fields/20', 'display_name': 'Economics, Econometrics and Finance'}, 'domain': {'id': 'https://openalex.org/domains/2', 'display_name': 'Social Sciences'}}, {'id': 'https://openalex.org/T10517', 'display_name': 'Financial Literacy, Pension, Retirement Analysis', 'score': 0.9936, 'subfield': {'id': 'https://openalex.org/subfields/1402', 'display_name': 'Accounting'}, 'field': {'id': 'https://openalex.org/fields/14', 'display_name': 'Business, Management and Accounting'}, 'domain': {'id': 'https://openalex.org/domains/2', 'display_name': 'Social Sciences'}}], 'keywords': [{'id': 'https://openalex.org/keywords/equity', 'display_name': 'Equity', 'score': 0.5872505}, {'id': 'https://openalex.org/keywords/pay-equity', 'display_name': 'Pay Equity', 'score': 0.5216922}], 'concepts': [{'id': 'https://openalex.org/C2778126366', 'wikidata': 'https://www.wikidata.org/wiki/Q41171', 'display_name': 'Unemployment', 'level': 2, 'score': 0.6087067}, {'id': 'https://openalex.org/C199728807', 'wikidata': 'https://www.wikidata.org/wiki/Q2578557', 'display_name': 'Equity (law)', 'level': 2, 'score': 0.5872505}, {'id': 'https://openalex.org/C2910599589', 'wikidata': 'https://www.wikidata.org/wiki/Q11414572', 'display_name': 'Pay Equity', 'level': 2, 'score': 0.5216922}, {'id': 'https://openalex.org/C162324750', 'wikidata': 'https://www.wikidata.org/wiki/Q8134', 'display_name': 'Economics', 'level': 0, 'score': 0.4815193}, {'id': 'https://openalex.org/C145236788', 'wikidata': 'https://www.wikidata.org/wiki/Q28161', 'display_name': 'Labour economics', 'level': 1, 'score': 0.40543747}, {'id': 'https://openalex.org/C144133560', 'wikidata': 'https://www.wikidata.org/wiki/Q4830453', 'display_name': 'Business', 'level': 0, 'score': 0.39655805}, {'id': 'https://openalex.org/C17744445', 'wikidata': 'https://www.wikidata.org/wiki/Q36442', 'display_name': 'Political science', 'level': 0, 'score': 0.1114485}, {'id': 'https://openalex.org/C199539241', 'wikidata': 'https://www.wikidata.org/wiki/Q7748', 'display_name': 'Law', 'level': 1, 'score': 0.08690062}, {'id': 'https://openalex.org/C139719470', 'wikidata': 'https://www.wikidata.org/wiki/Q39680', 'display_name': 'Macroeconomics', 'level': 1, 'score': 0.086681426}], 'mesh': [], 'locations_count': 5, 'locations': [{'is_oa': True, 'landing_page_url': 'https://doi.org/10.3386/w21630', 'pdf_url': None, 'source': None, 'license': None, 'license_id': None, 'version': 'publishedVersion', 'is_accepted': True, 'is_published': True}, {'is_oa': True, 'landing_page_url': 'http://www.nber.org/papers/w21630.pdf', 'pdf_url': 'http://www.nber.org/papers/w21630.pdf', 'source': {'id': 'https://openalex.org/S4306401271', 'display_name': 'RePEc: Research Papers in Economics', 'issn_l': None, 'issn': None, 'is_oa': True, 'is_in_doaj': False, 'is_core': False, 'host_organization': 'https://openalex.org/I77793887', 'host_organization_name': 'Federal Reserve Bank of St. Louis', 'host_organization_lineage': ['https://openalex.org/I77793887'], 'host_organization_lineage_names': ['Federal Reserve Bank of St. Louis'], 'type': 'repository'}, 'license': None, 'license_id': None, 'version': 'publishedVersion', 'is_accepted': True, 'is_published': True}, {'is_oa': True, 'landing_page_url': 'http://hdl.handle.net/10419/130700', 'pdf_url': 'https://www.econstor.eu/bitstream/10419/130700/1/843871938.pdf', 'source': {'id': 'https://openalex.org/S4306401696', 'display_name': 'Econstor (Econstor)', 'issn_l': None, 'issn': None, 'is_oa': True, 'is_in_doaj': False, 'is_core': False, 'host_organization': None, 'host_organization_name': None, 'host_organization_lineage': [], 'host_organization_lineage_names': [], 'type': 'repository'}, 'license': 'other-oa', 'license_id': 'https://openalex.org/licenses/other-oa', 'version': 'submittedVersion', 'is_accepted': False, 'is_published': False}, {'is_oa': True, 'landing_page_url': 'https://www.frbatlanta.org/-/media/documents/research/publications/wp/2013/04a-cant-pay-or-wont-pay-unemployment-negative-equity-and-strategic-default-2017-06-30.pdf', 'pdf_url': 'https://www.frbatlanta.org/-/media/documents/research/publications/wp/2013/04a-cant-pay-or-wont-pay-unemployment-negative-equity-and-strategic-default-2017-06-30.pdf', 'source': {'id': 'https://openalex.org/S4306401271', 'display_name': 'RePEc: Research Papers in Economics', 'issn_l': None, 'issn': None, 'is_oa': True, 'is_in_doaj': False, 'is_core': False, 'host_organization': 'https://openalex.org/I77793887', 'host_organization_name': 'Federal Reserve Bank of St. Louis', 'host_organization_lineage': ['https://openalex.org/I77793887'], 'host_organization_lineage_names': ['Federal Reserve Bank of St. Louis'], 'type': 'repository'}, 'license': None, 'license_id': None, 'version': 'submittedVersion', 'is_accepted': False, 'is_published': False}, {'is_oa': True, 'landing_page_url': 'http://www.bostonfed.org/economic/wp/wp2015/wp1513.pdf', 'pdf_url': 'http://www.bostonfed.org/economic/wp/wp2015/wp1513.pdf', 'source': {'id': 'https://openalex.org/S4306401271', 'display_name': 'RePEc: Research Papers in Economics', 'issn_l': None, 'issn': None, 'is_oa': True, 'is_in_doaj': False, 'is_core': False, 'host_organization': 'https://openalex.org/I77793887', 'host_organization_name': 'Federal Reserve Bank of St. Louis', 'host_organization_lineage': ['https://openalex.org/I77793887'], 'host_organization_lineage_names': ['Federal Reserve Bank of St. Louis'], 'type': 'repository'}, 'license': None, 'license_id': None, 'version': 'submittedVersion', 'is_accepted': False, 'is_published': False}], 'best_oa_location': {'is_oa': True, 'landing_page_url': 'https://doi.org/10.3386/w21630', 'pdf_url': None, 'source': None, 'license': None, 'license_id': None, 'version': 'publishedVersion', 'is_accepted': True, 'is_published': True}, 'sustainable_development_goals': [{'display_name': 'No poverty', 'id': 'https://metadata.un.org/sdg/1', 'score': 0.43}], 'grants': [], 'datasets': [], 'versions': [], 'referenced_works_count': 38, 'referenced_works': ['https://openalex.org/W1516482519', 'https://openalex.org/W1530173440', 'https://openalex.org/W1557040575', 'https://openalex.org/W1588110326', 'https://openalex.org/W1589913431', 'https://openalex.org/W1846764279', 'https://openalex.org/W1981815684', 'https://openalex.org/W2000848834', 'https://openalex.org/W2048067116', 'https://openalex.org/W2061541892', 'https://openalex.org/W2075017105', 'https://openalex.org/W2104957367', 'https://openalex.org/W2108192177', 'https://openalex.org/W2115317553', 'https://openalex.org/W2118796624', 'https://openalex.org/W2121722671', 'https://openalex.org/W2122390687', 'https://openalex.org/W2135837870', 'https://openalex.org/W2140033886', 'https://openalex.org/W2185519306', 'https://openalex.org/W2188480495', 'https://openalex.org/W2791088453', 'https://openalex.org/W3121611131', 'https://openalex.org/W3123256822', 'https://openalex.org/W3123692948', 'https://openalex.org/W3124051255', 'https://openalex.org/W3125607748', 'https://openalex.org/W3125699782', 'https://openalex.org/W3126028571', 'https://openalex.org/W3146640706', 'https://openalex.org/W3150767939', 'https://openalex.org/W4241957989', 'https://openalex.org/W4256093770', 'https://openalex.org/W4285719527', 'https://openalex.org/W4300713360', 'https://openalex.org/W4301731567', 'https://openalex.org/W4302409420', 'https://openalex.org/W4376586678'], 'related_works': ['https://openalex.org/W2569096928', 'https://openalex.org/W2127336856', 'https://openalex.org/W2083061677', 'https://openalex.org/W2080918105', 'https://openalex.org/W2050680752', 'https://openalex.org/W2020084683', 'https://openalex.org/W2008123788', 'https://openalex.org/W1990762589', 'https://openalex.org/W1982296715', 'https://openalex.org/W1621182428'], 'abstract_inverted_index': {'This': [0], 'paper': [1], 'exploits': [2], 'matched': [3], 'data': [4, 15, 37], 'from': [5], 'the': [6, 18, 58, 77], 'PSID': [7], 'on': [8, 86], 'borrower': [9], 'mortgages': [10], 'with': [11], 'income': [12], 'and': [13, 35, 67], 'demographic': [14], 'to': [16, 28, 40, 51, 56, 62, 74], 'quantify': [17, 57], 'relative': [19], 'importance': [20], 'of': [21, 26, 49, 60], 'negative': [22, 70], 'equity,': [23], 'versus': [24, 69], 'lack': [25], 'ability': [27, 50, 61, 73], 'pay,': [29, 63], 'as': [30, 89], 'affecting': [31], 'default': [32, 87], 'between': [33], '2009': [34], '2013.These': [36], 'allow': [38], 'us': [39], 'construct': [41], 'household': [42], 'budgets': [43], 'sets': [44], 'that': [45], 'provide': [46], 'better': [47], 'measures': [48], 'pay.We': [52], 'use': [53], 'instrumental': [54], 'variables': [55], 'impact': [59], 'including': [64], 'job': [65], 'loss': [66, 81], 'disability,': [68], 'equity.Changes': [71], 'in': [72, 94], 'pay': [75], 'have': [76], 'largest': [78], 'estimated': [79], 'effects.Job': [80], 'has': [82], 'an': [83], 'equivalent': [84], 'effect': [85], 'likelihood': [88], 'a': [90], '35': [91], 'percent': [92], 'decline': [93], 'equity.': [95]}, 'cited_by_api_url': 'https://api.openalex.org/works?filter=cites:W1947763232', 'counts_by_year': [{'year': 2022, 'cited_by_count': 2}, {'year': 2021, 'cited_by_count': 2}, {'year': 2020, 'cited_by_count': 4}, {'year': 2019, 'cited_by_count': 3}, {'year': 2018, 'cited_by_count': 12}, {'year': 2017, 'cited_by_count': 16}, {'year': 2016, 'cited_by_count': 7}, {'year': 2015, 'cited_by_count': 12}, {'year': 2014, 'cited_by_count': 5}], 'updated_date': '2024-12-16T17:53:15.695036', 'created_date': '2016-06-24'}