Abstract
The subprime mortgage crisis was a devastating financial shock for many homeowners. This research uses a probabilistic matching strategy to link foreclosure records with birth certificate records from 2006 to 2010 in California to identify birth parents who experienced a foreclosure. Among mothers who did, those issued a loan during the peak of subprime lending from 2005 to 2007 were more Hispanic and socioeconomically disadvantaged than mothers with loans originating before 2005. We use a mother fixed-effects analyses of ever-foreclosed mothers issued a loan during 2006 and 2007 and find that infants in gestation during or after the foreclosure had a lower birth weight for gestational age than those born earlier, suggesting that the foreclosure crisis was a plausible contributor to disparities in initial health endowments.
Original language | English (US) |
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Pages (from-to) | 123-140 |
Number of pages | 18 |
Journal | RSF |
Volume | 5 |
Issue number | 2 |
DOIs | |
State | Published - 2019 |
Keywords
- Administrative
- Birth certificate
- Foreclosure
- Perinatal epidemiology
- Stress
ASJC Scopus subject areas
- Social Sciences (miscellaneous)