The Mortgage Interest Deduction and the White-Black Wealth Gap, 1984-2021
Inequality
ISR, SRC
Project Summary
How has the home mortgage interest deduction affected White-Black wealth gaps over the past several decades? This project will answer this question by using the NBERs TAXSIM program, which calculates federal and state income tax liabilities from typical survey data, to generate novel estimates of the wealth savings that households in the Panel Study of Income Dynamics have received from the mortgage interest deduction from 1984-2021.
Investigators
Joe LaBriola
Project Period
06/30/2025