Skip Navigation
Login or register
Add Comment
Share This
No Recommendations Yet Click here to recommend.
The paper develops a simple two-period model in which homelessness arises endogenously. There is a non-convexity in the housing market, so some agents optimally choose not to consume housing. In the model, homelessness leads to lower labor productivity in the future. Housing is thus an investment good, but borrowing constraints may prevent agents from being able to finance this investment. The borrowing constraints and the productivity loss combine to generate a homelessness trap. (Authors)
RSS Feed
About Us  -  Contact Us
Home  -  Training  -  Homelessness Resource Center Library  -  Facts  -  Topics  -  Partners  -  Events  -  PATH  -  SSH
Advanced Search
Acknowledgements -  Help -  Accessibility -  SAMHSA Privacy Policy -  Plain Language -  Disclaimer -  SAMHSA Web Site
Download PDF Reader
A program of the U.S. Department of Health and Human Services Substance Abuse & Mental Health Services Administration, Center for Mental Health Services