How has the home mortgage interest deduction affected White-Black wealth gaps over the past several decades? We propose to answer this question by using the NBERs TAXSIM program to generate novel estimates of the wealth savings that households in the PSID have received from the mortgage interest deduction from 1984-2021.
Funding:
Sage, Russell, Foundation
Funding Period:
07/01/2023 to 06/30/2025