African Americans and the New Policy Consensus: Retreat of the Liberal State?

By Marilyn E. Lashley; Melanie Njeri Jackson | Go to book overview

Finally, recall that the discrimination considered here has only been directed toward the mortgage lending decision. However, discrimination in other areas of the economy has significant consequences on the mortgage lending decision. For example, discrimination in the labor market that results in lower income levels and a higher probability of unemployment for minorities would also adversely affect their ability to obtain mortgage credit. Additionally, patterns of geographic segregation caused by discrimination in real estate markets could also affect the availability of mortgage credit to minorities by limiting residential choices. These considerations serve to reinforce the significance and severity of the problem and the necessity of an immediate and successful remedy.


NOTES
1.
The author thanks William Bradford, William Darity, Robert Eisenbeis, Marilyn Lashley, and Rhonda Williams for helpful comments and support.
2.
This section is based on Canner and Smith ( 1992).
3.
This section was developed from Munnell et al. ( 1992).

REFERENCES

Becker Gary S. 1971. The Economics of Discrimination. 2nd ed. Chicago: University of Chicago Press.

Canner Glenn B., Stuart A. Gabriel, and J. Michael Wooley. 1991. "Race, Default Risk and Mortgage Lending: A Study of the FHA and Conventional Loan Markets." Southern Economic Journal 58: 249-262.

Canner Glenn B., and Dolores S. Smith. 1992. "Expanded HMDA Data on Residential Lending: One Year Later." Federal Reserve Bulletin 78(November): 801-824.

Darity William A., Jr. 1991. "Efficiency Wage Theory: Critical Reflections on the NeoKeynesian Theory of Unemployment and Discrimination." In New Approaches to Economics and Social Analyses of Discrimination, edited by Richard R. Cornwall and Phamindra V. Wunnava. New York: Praeger.

Federal National Mortgage Association (FNMA). 1992. Fannie Mae Guides. Vol. 1. Washington, D.C.: FNMA Selling.

Gabriel Stuart A., and Stuart S. Rosenthal. 1991. "Credit Rationing, Race, and the Mortgage Market." Journal of Urban Economics 29: 371-379.

Gruben William C., Jonathan A. Neuberger, and Ronald H. Schmidt. 1990. "Imperfect Information and the Community Reinvestment Act." Economic Review, Federal Reserve Bank of San Francisco (Summer): 27-46.

Munnell Alicia H., Lynn E. Browne, James McEneaney, and Geoffrey Tootell. 1992. "Mortgage Lending in Boston: Interpreting HMDA Data." Federal Reserve Bank of Boston. Working Paper No. 92-7, October.

Stiglitz Joseph E., and Andrew Weiss. 1987. "Credit Rationing With Many Borrowers." American Economic Review 77(March): 228-231.

-----. 1981. "Credit Rationing in Markets with Imperfect Information." American Economic Review 73(June): 393-410.

-178-

Notes for this page

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this book

This book has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this book

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this page

Cited page

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited page

Bookmark this page
African Americans and the New Policy Consensus: Retreat of the Liberal State?
Table of contents

Table of contents

Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this book

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen
/ 252

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.