Unemployment can wreck household finances, but what would happen if homeowners receiving unemployment insurance also had access to temporary mortgage-payment assistance? This study took up that question. Results from analyses of the U.S Treasury Department’s Hardest Hit Fund program in Ohio suggest a possible way to improve long-term labor outcomes.
Citation
Pierce, S. C., Brown, J. K., Moulton, S., & Chun, Y. (2025). Labor outcomes of mortgage payment subsidies for unemployed homeowners. Journal of Housing Economics, 67, Article 102040. https://doi.org/10.1016/j.jhe.2024.102040