Article by Prof. Ross among most cited in Journal of Urban Economics

Professor Ross (IDEAS) has just won the Journal of Urban Economics Highly Cited Author Award 2004-2008 for his article Redlining, The Community Reinvestment Act, and Private Mortgage Insurance (with Geoffrey Tootell) for being one of the 10 most cited articles between 2004 and 2008 in this journal. The paper finds that lenders respond to the Community Reinvestment Act by favoring borrowers who obtain Private Mortgage Insurance in low income neighborhoods. In past research, this paper had masked differencing in lending across neighborhood and suggests that previous research has underestimated the importance of neighborhood in mortgage lending decisions. The paper has been of interest and cited by researchers across many fields including Economics, Finance, Real Estate, Geography, and Public Policy.