Joseph Tracy

Executive Vice President
Federal Reserve Bank of Dallas
2200 N Pearl St
Dallas Texas 75201
Tel: 214/992-5996

E-Mail: EmailAddress: hidden: you can email any NBER-related person as first underscore last at nber dot org
Institutional Affiliation: Federal Reserve Bank of New York

NBER Working Papers and Publications

September 2019Monopsony in Spatial Equilibrium
with Matthew E. Kahn: w26295
March 2013Unemloyment and Unobserved Credit Risk in the FHA Single Family Mortgage Insurance Fund
with Joseph Gyourko: w18880

Published: Journal of Urban Economics Volume 80, March 2014, Pages 87–96 Cover image Reconciling theory and empirics on the role of unemployment in mortgage default Joseph Gyourkoa, Joseph Tracyb, , ,

August 2012A New Look at Second Liens
with Donghoon Lee, Christopher J. Mayer: w18269
The Supply Side of the Housing Boom and Bust of the 2000s
with Andrew Haughwout, Richard W. Peach, John Sporn
in Housing and the Financial Crisis, Edward L. Glaeser and Todd Sinai, editors
A New Look at Second Liens
with Donghoon Lee, Christopher Mayer
in Housing and the Financial Crisis, Edward L. Glaeser and Todd Sinai, editors
June 2012Is the FHA Creating Sustainable Homeownership?
with Andrew Caplin, Anna Cororaton: w18190

Published: Andrew Caplin & Anna Cororaton & Joseph Tracy, 2015. "Is the FHA Creating Sustainable Homeownership?," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 43(4), pages 957-992, November. citation courtesy of

September 2011Housing Busts and Household Mobility: An Update
with Fernando Ferreira, Joseph Gyourko: w17405


March 2010Reassessing FHA Risk
with Diego Aragon, Andrew Caplin, Sumit Chopra, John V. Leahy, Yann LeCun, Marco Scoffier: w15802
September 2008Housing Busts and Household Mobility
with Fernando Ferreira, Joseph Gyourko: w14310

Published: Ferreira, Fernando & Gyourko, Joseph & Tracy, Joseph, 2010. "Housing busts and household mobility," Journal of Urban Economics, Elsevier, vol. 68(1), pages 34-45, July. citation courtesy of

July 2001The Impact of Employee Stock Options on the Evolution of Compensation in the 1990s
with Hamid Mehran: w8353

Published: Mehran, Hamid and Joseph Tracy. "The Effect Of Employee Stock Options On The Evolution Of Compensation In The 1990s," FRB New York- Economic Policy Review, 2001, v7(3,Dec), 17-34.

February 2001Exchange Rates and Wages
with Linda Goldberg: w8137
June 2000Uncertainty and Labor Contract Durations
with Robert Rich: w7731

Published: Robert Rich & Joseph Tracy, 2004. "Uncertainty and Labor Contract Durations," The Review of Economics and Statistics, MIT Press, vol. 86(1), pages 270-287, 01. citation courtesy of

January 2000Exchange Rates and Local Labor Markets
with Linda Goldberg
in The Impact of International Trade on Wages, Robert C. Feenstra, editor
February 1999Exchange Rates and Local Labor Markets
with Linda Goldberg: w6985

Published: The Impact of International Trade On Wages, Feenstra, Robert, ed.: Chicago: The University of Chicago Press and NBER, 2000.

May 1995The Use of Replacement Workers in Union Contract Negotiations: The U.S. Experience, 1980-1989
with Peter C. Cramton: w5106

Published: Journal of Labor Economics, Vol.16, no.4 (October 1998), pp. 667-701. citation courtesy of

The Effect of Collective Bargaining Legislation on Strikes and Wages
with Peter C. Cramton, Morley Gunderson: w5105

Published: Review of Economics and Statistics, Vol. 81, no.3 (August 1999),pp.475-487. citation courtesy of

January 1994The Best Business Schools: A Market Based Approach
with Joel Waldfogel: w4609

Published: Journal of Business, 1997, vol.70, No.1, pp.1-31 citation courtesy of

November 1993Collateral Damage: How Refinancing Constraints Exacerbate Regional Recessions
with Andrew Caplin, Charles Freeman: w4531

Published: Journal of Money, Credit, and Banking, Vol.29, no.4, part 1 (November 1997), pp. 496-516.

March 1989Public Sector Bargaining and the Local Budgetary Process
with Joseph Gyourko: w2915

Published: Research in Labor Economics, Vol. 12, 1991, pp. 117-136

November 1988Testing Strategic Bargaining Models Using Stock Market Data
Comparisons Between Public and Private Sector Union Wage Differentials: Does the Legal Environment Matter?
May 1988Market Structure, Strike Activity, and Union Wage Settlements
with John M. Abowd: w2595

Published: Industrial Relations, vol.28, no.2 pp227-250, Spring 1989.

October 1986Seniority Rules and the Gains from Union Organization
The Importance of Local Fiscal Conditions in Analyzing Local Labor Markets
with Joseph Gyourko: w2040

Published: Journal of Political Economy, vol.97, no. 5, October 1989, pp.1208-1231. citation courtesy of

May 1986On the Political Economy of Land Value Capitalization and Local Public Sector Rent-Seeking in a Tiebout Model
with Joseph Gyourko: w1919

Published: Journal of Urban Economics, 1989, vol. 26, pp. 152-173. citation courtesy of

An Analysis of Public and Private Sector Wages Allowing for Endogenous Choices of Both Government and Union Status
with Joseph Gyourko: w1920

Published: Journal of Labor Economics. Volume 6, Issue 2, Page 229, Jan 1988 citation courtesy of

March 1986An Empirical Test of an Asymmetric Information Model of Strikes

Published: Journal of Labor Economics, Vol. 5, No. 2, April 1987. citation courtesy of

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