Professor Ross’s Research Featured in Washington Post Blog

rossProfessor Ross’s research has been featured in a Washington Post blog post: “How segregated schools turn kids into criminals“.

The research, with coauthors Dave Deming and Steve Billings, examines youth crime in Charlotte, NC, and finds that having more kids of similar age, gender and race nearby raises the likelihood of arrest, but only if those kids attend the same school.  Further, these kids are more likely to be arrested together as criminal partners if they live very nearby and attend the same school.

These effects are largest when these youth have been in the same neighborhood for a longer time and if they attended the same elementary school. These findings suggest that neighborhood spillovers in criminal activity are likely caused by social interactions that arise within schools, and that school level interventions may be effective in mitigating neighborhood level clusters of crime.


Professor Ross Has Lead Article in American Economic Journal: Economic Policy

rossProfessor Steve Ross’s paper “The Vulnerability of Minority Homeowners in the Housing Boom and Bust” with Patrick Bayer and Fernando Ferreira was the lead article in the February issue of the American Economic Journal: Economic Policy.

In this paper, they find that African-American and Hispanic borrowers have substantially higher delinquency and foreclosure rates during the financial crisis even after controlling for detailed borrower and loan risk factors.  These differences are concentrated heavily among homebuyers who purchased their home very near the peak of the market, even after controlling for negative equity associated with the timing of the purchase.  For refinance mortgages, they find a similar pattern linked to when the home was purchased, rather than the date of the refinance mortgage.

They argue that the findings are consistent with higher risk borrowers, especially higher risk minority borrowers, being drawn into the market during the housing market expansion.

Professor Ross Gives Opening Address at Dallas Federal Reserve Conference

rossProfessor Ross gave the opening address at the Dallas Federal Reserve conference on “Intent vs. Impact: Evaluating Individual- and Community-Based Programs” on November 16th and 17th.

He summarized much of his research on race, neighborhood and mortgage lending over the last few years. Professor Ross argued that systematic unexplained racial differences in high cost lending and foreclosure exist and that those differences are associated with the concentration of minority borrowers and loans from low income and minority neighborhoods at high cost/high risk lenders. However, Professor Ross also argued that lending to vulnerable, low income and minority borrowers had little to do with severity of the foreclosure crisis itself given that the majority of foreclosure differences were explained by risk factors rather than income or neighborhood, and the dollar volume of foreclosures nationally was primarily driven by middle and upper income borrowers living in suburban neighborhoods. His presentation slides can be found at

and substantial amount of the research discussed is contained in Bayer, Ferreira and Ross (NBER Working Papers #19020 and #20762).

Prof. Ross in Washington Post Blog

rossProfessor Ross‘s work on mortgage lending was featured in the Washington Post’s Storyline Blog.

Read it here.

Professor Ross’s work finds large differences in the price of credit paid by African-Americans and Hispanics compared to white borrowers that cannot be explained by traditional underwriting variables.  These differences primarily arise due to differences in loan pricing across lenders, rather differential treatment of whites and minority borrowers at the same lender. Further, these differences are concentrated among borrowers from locations that have high poverty rates and relatively lower education borrowers

Prof. Ross’s research mentioned in Slate Magazine

rossAn article on the American Melting Pot in Slate Magazine on October 31st discusses one of Professor Ross‘s recent working papers.  In this paper, Professors Ananat, Fu and Ross find that African-Americans benefit less in terms of earnings for working in locations with lots of economic activity.  Exposure to economic activity allows workers and firms to learn from each other and raises productivity and thus wages.  However, these spillovers appear to accrue along racial lines so that African-Americans do not benefit from a vibrant work location when most of the individuals working in that location are white.

Professor Ross in Vox

rossProf. Steve Ross‘s essay with Jason Fletcher on “Minority mortgage market experiences leading up to and during the financial crisis” was published on Friday (Aug 22) in Vox: Research-based policy analysis and commentary from leading economists.  In this essay, Professor Ross describes his research on the incidence of high cost loans, delinquency and foreclosure among minority borrowers.  He finds large racial differences in all dimensions, but much of the racial differences in the incidence of high cost loans is explained by the identity of the lender and concentrated among lower education, potentially less financially sophisticated borrowers.  On the other hand, racial differences in delinquency and foreclosure are concentrated primarily among borrowers who are faced with higher unemployment risk, rather than traditional factors related to subprime lending.

Professor Ross in Vox

rosslarge[1]Professor Stephen L. Ross‘s essay with Jason Fletcher on “Understanding the Mechanisms underlying Peer Group Effects: The Role of Friendships in Determining Adolescent Outcomes” was published on Sunday (Nov 3) in Vox: Research-based policy analysis and commentary from leading economists.  In this essay, Professor Ross describes the potential importance of social interactions between children as an underlying mechanism behind peer effects, and discusses Professor Fletcher and his work that shows how smoking and drinking of friends can affect substance abuse and how having friends with more educated parents can contribute to positive attitudes leading to higher grades among girls.

Professor Ross attends HDS 2010 Advisory Council Meeting

Professor Stephen Ross attended the advisory council meeting for the 2010 Housing Discrimination Study at the Urban Institute on Nov 16th.  The 2010 Housing Discrimination Study is a nationwide effort to measure the level of racial and ethnic discrimination in U.S. metropolitan areas using pairs of testers sent to the same real estate or rental agency.  Professor Ross was the research director for the 2000 Housing Discrimination Study and has been a key advisor on the new study since its inception.  For more details on the 2010 study, see

Recent UConn Visitor accepts Position at Top 10 Chinese Research Institution

Xiaofang Dong, who visited our department for a year and a half to work with Professor Stephen Ross on agglomeration economies, recently accepted a faculty position at Xiamen University in China.  Xiamen University was ranked 6th this year among research institutions in China.  Xiaofang recently completed her dissertation on Entreprenuership, Firm life cycle and Agglomeration Economics at the Southwest University of Finance and Economics, China.