Casey B. Mulligan
Casey B. Mulligan's Latest Articles | 56
President and Senator Obama not Straight on Food Stamp Eligibility
President Obama recently said, First of all, I don’t put people on food stamps. People become eligible for food stamps. Second of all, the initial expansion... Read »
The Summer Job Surge: Supply or Demand?
The summer teen employment surge is largely a consequence of seasonality in supply, not demand. To see this, note that a pure summer demand surge would draw teens... Read »
More Evidence of Hamp Failures
More Evidence of Hamp Failures: CNBC reports – “Homeowners applying to the foreclosure-relief program say the program is a bureaucratic mess, with banks... Read »
VAT: Another Reason for a Housing Boom?
The U.S. does not have a national sales tax, or a value-added tax (VAT). Many other countries do have VAT, and a number of economists and accountants (not me!)... Read »
The Supply of Bureaucratic Nightmares
The AP reports today “Many borrowers have complained that [Obama's mortgage modification] program is a bureaucratic nightmare. They say banks often lose their... Read »
Size of the Mortgage Subsidy
Banks are often ridiculed for making home loans in the mid 2000s, when supposedly they should have known that housing prices would fall. But banks were in a “heads:... Read »
Corporate Tax Revenue Comeback
The U.S. Treasury reported today that June 2010 federal corporate tax collections were the highest of any month since September 2008. Read More →
Size of the Mortgage Subsidy
Banks are often ridiculed for making home loans in the mid 2000s, when supposedly they should have known that housing prices would fall. But banks were in a “heads:... Read »
Bounding the Price Impact of the New Home Buyer Credit
The IRS says that $19 billion of tax credits have been paid. Assume, for the moment, that: The credit was well targeted in the sense that (as NAR claims) it reached... Read »
More Substitution of Unemployment for Foreclosures
Fannie Mae (FNM) will now penalize some of the borrowers who walk away from their mortgages. Penalizing delinquent borrowers can help the foreclosure crisis, but... Read »







