Donghoon Lee

Federal Reserve Bank of New York

Senior Economist

33 Liberty Street

New York, NY 10045

United States

New York University

NY

United States

  • Federal Reserve Bank of New York

    • Email
    • Tel: 212-720-8699
    • Fax: 212-720-1844
SCHOLARLY PAPERS

21

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Top 5,177

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183

CROSSREF CITATIONS

142

Scholarly Papers (21)

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1.

Debt, Jobs, or Housing: What's Keeping Millennials at Home?

FRB of New York Staff Report No. 700
Number of pages: 49 Posted: 26 Nov 2014
Zachary Bleemer, Meta Brown, Donghoon Lee and Wilbert van der Klaauw
Yale School of Management, Federal Reserve Bank of New York, Federal Reserve Bank of New York and Federal Reserve Bank of New York
Downloads 1,804 (16,609)
Citation 25

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student loans, household information

2.

Real Estate Investors, the Leverage Cycle, and the Housing Market Crisis

FRB of New York Staff Report No. 514
Number of pages: 52 Posted: 13 Sep 2011
Andrew Haughwout, Donghoon Lee, Joseph S. Tracy and Wilbert van der Klaauw
Federal Reserve Bank of New York, Federal Reserve Bank of New York, National Bureau of Economic Research (NBER) and Federal Reserve Bank of New York
Downloads 1,482 (22,452)
Citation 112

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mortgages, leverage

3.

The Financial Crisis at the Kitchen Table: Trends in Household Debt and Credit

Downloads 818 (52,545)
Citation 21

The Financial Crisis at the Kitchen Table: Trends in Household Debt and Credit

Current Issues in Economics and Finance, Vol. 19, No. 2, 2013
Number of pages: 10 Posted: 20 May 2013
Meta Brown, Andrew Haughwout, Donghoon Lee and Wilbert van der Klaauw
Federal Reserve Bank of New York, Federal Reserve Bank of New York, Federal Reserve Bank of New York and Federal Reserve Bank of New York
Downloads 527 (91,342)
Citation 10

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household debt, mortgages, household finance, financial crisis

The Financial Crisis at the Kitchen Table: Trends in Household Debt and Credit

FRB of New York Staff Report No. 480
Number of pages: 30 Posted: 05 Jan 2011
Meta Brown, Andrew Haughwout, Donghoon Lee and Wilbert van der Klaauw
Federal Reserve Bank of New York, Federal Reserve Bank of New York, Federal Reserve Bank of New York and Federal Reserve Bank of New York
Downloads 291 (179,604)
Citation 14

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household debt, mortgages, household finance, financial crisis

4.

Echoes of Rising Tuition in Students’ Borrowing, Educational Attainment, and Homeownership in Post-Recession America

FRB of NY Staff Report No. 820
Number of pages: 50 Posted: 17 Jul 2017
Zachary Bleemer, Meta Brown, Donghoon Lee, Katherine Strair and Wilbert van der Klaauw
Yale School of Management, Federal Reserve Bank of New York, Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York and Federal Reserve Bank of New York
Downloads 511 (95,885)
Citation 13

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homeownership, student loans, household formation

5.

Measuring Student Debt and Its Performance

FRB of New York Staff Report No. 668
Number of pages: 21 Posted: 11 Apr 2014
Donghoon Lee, Wilbert van der Klaauw, Andrew Haughwout, Meta Brown and Joelle Scally
Federal Reserve Bank of New York, Federal Reserve Bank of New York, Federal Reserve Bank of New York, Federal Reserve Bank of New York and Federal Reserve Bank of New York
Downloads 503 (97,754)
Citation 6

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student debt, household debt

6.

An Introduction to the FRBNY Consumer Credit Panel

FRB of New York Staff Report No. 479
Number of pages: 18 Posted: 03 Dec 2010
Donghoon Lee and Wilbert van der Klaauw
Federal Reserve Bank of New York and Federal Reserve Bank of New York
Downloads 445 (113,115)
Citation 272

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Household Credit, Consumer Debt, Mortgage Liabilities, Panel Data

7.

Trends in Household Debt and Credit

FRB of New York Staff Report No. 882
Number of pages: 40 Posted: 03 Apr 2019
Andrew Haughwout, Donghoon Lee, Joelle Scally, Lauren Thomas and Wilbert van der Klaauw
Federal Reserve Bank of New York, Federal Reserve Bank of New York, Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York and Federal Reserve Bank of New York
Downloads 372 (139,769)
Citation 2

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household finance, consumer debt

8.

Intersectoral Labor Mobility and the Growth of the Service Sector

Number of pages: 69 Posted: 14 Sep 2004
Donghoon Lee and Kenneth I. Wolpin
Federal Reserve Bank of New York and University of Pennsylvania - Department of Economics
Downloads 323 (161,920)
Citation 54

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labor mobility, service sector growth, labor market equilibrium

9.

Intermediation Frictions in Debt Relief: Evidence from CARES Act Forbearance

Downloads 241 (218,175)
Citation 3

Intermediation Frictions in Debt Relief: Evidence from CARES Act Forbearance

Number of pages: 68 Posted: 10 Sep 2021 Last Revised: 06 Sep 2022
You Suk Kim, Donghoon Lee, Therese C. Scharlemann and James I. Vickery
Board of Governors of the Federal Reserve System, Federal Reserve Bank of New York, Board of Governors of the Federal Reserve System and Federal Reserve Bank of Philadelphia
Downloads 140 (352,927)
Citation 2

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mortgage, forbearance, debt relief, CARES Act, COVID-19, liquidity

Intermediation Frictions in Debt Relief: Evidence from CARES Act Forbearance

FRB of New York Staff Report No. 1035, 2022
Number of pages: 69 Posted: 17 Oct 2022
You Suk Kim, Donghoon Lee, Therese C. Scharlemann and James I. Vickery
Board of Governors of the Federal Reserve System, Federal Reserve Bank of New York, Board of Governors of the Federal Reserve System and Federal Reserve Bank of Philadelphia
Downloads 69 (571,928)

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mortgage, forbearance, liquidity, nonbank, CARES Act, COVID-19

Intermediation Frictions in Debt Relief: Evidence from Cares Act Forbearance

FEDS Working Paper No. 2022-17
Number of pages: 65 Posted: 12 Apr 2022
You Suk Kim, Donghoon Lee, Therese C. Scharlemann and James I. Vickery
Board of Governors of the Federal Reserve System, Federal Reserve Bank of New York, Board of Governors of the Federal Reserve System and Federal Reserve Bank of Philadelphia
Downloads 32 (802,038)
Citation 2

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Mortgage, Forbearance, Debt relief, CARES Act, COVID-19, Liquidity

10.

Accounting for Wage and Employment Changes in the U.S. From 1968-2000: A Dynamic Model of Labor Market Equilibrium, Second Version

PIER Working Paper No. 06-005
Number of pages: 62 Posted: 10 Mar 2006
Donghoon Lee and Kenneth I. Wolpin
Federal Reserve Bank of New York and University of Pennsylvania - Department of Economics
Downloads 162 (312,570)
Citation 24

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Male-Female Wage Differential, Wage Inequality, College Wage Premium

11.

Household Debt and Saving During the 2007 Recession

Downloads 143 (346,402)
Citation 2

Household Debt and Saving During the 2007 Recession

FRB of New York Staff Report No. 482
Number of pages: 67 Posted: 15 Jan 2011
Rajashri Chakrabarti, Donghoon Lee, Wilbert van der Klaauw and Basit Zafar
Federal Reserve Bank of New York, Federal Reserve Bank of New York, Federal Reserve Bank of New York and Arizona State University
Downloads 110 (424,147)

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Household Debt and Saving, 2007 Recession, Credit Access, Mortgage Debt

Household Debt and Saving During the 2007 Recession

NBER Working Paper No. w16999
Number of pages: 67 Posted: 02 May 2011 Last Revised: 14 Jun 2023
Rajashri Chakrabarti, Donghoon Lee, Wilbert van der Klaauw and Basit Zafar
Federal Reserve Bank of New York, Federal Reserve Bank of New York, Federal Reserve Bank of New York and Arizona State University
Downloads 33 (793,948)
Citation 2

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12.

Do We Know What We Owe? A Comparison of Borrower- and Lender-Reported Consumer Debt

FRB of New York Staff Report No. 523
Number of pages: 59 Posted: 21 Oct 2011
Meta Brown, Andrew Haughwout, Donghoon Lee and Wilbert van der Klaauw
Federal Reserve Bank of New York, Federal Reserve Bank of New York, Federal Reserve Bank of New York and Federal Reserve Bank of New York
Downloads 140 (352,210)
Citation 23

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consumer debt, measurement

13.

Long-Term Outcomes of FHA First-Time Homebuyers

Downloads 134 (366,463)
Citation 5

Long-Term Outcomes of FHA First-Time Homebuyers

Economic Policy Review, Vol. 24, No. 3, 2018
Number of pages: 21 Posted: 10 Dec 2018
Donghoon Lee and Joseph S. Tracy
Federal Reserve Bank of New York and National Bureau of Economic Research (NBER)
Downloads 89 (494,366)
Citation 3

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FHA mortgages, first-time homebuyers, Federal Housing Administration

Long-term Outcomes of FHA First-time Homebuyers

FRB of New York Staff Report No. 839
Number of pages: 25 Posted: 28 Feb 2018
Donghoon Lee and Joseph S. Tracy
Federal Reserve Bank of New York and National Bureau of Economic Research (NBER)
Downloads 45 (705,093)

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FHA mortgages, first-time homebuyers, Federal Housing Administration

14.

A New Look at Second Liens

Downloads 122 (391,157)
Citation 9

A New Look at Second Liens

FRB of New York Staff Report No. 569, Columbia Business School Research Paper No. 12/45
Number of pages: 40 Posted: 15 Aug 2012
Donghoon Lee, Christopher J. Mayer and Joseph S. Tracy
Federal Reserve Bank of New York, Columbia University - Columbia Business School, Finance and National Bureau of Economic Research (NBER)
Downloads 82 (516,809)

Abstract:

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mortgage, second lien

A New Look at Second Liens

NBER Working Paper No. w18269
Number of pages: 40 Posted: 01 Sep 2012 Last Revised: 03 Jun 2023
Donghoon Lee, Christopher J. Mayer and Joseph S. Tracy
Federal Reserve Bank of New York, Columbia University - Columbia Business School, Finance and National Bureau of Economic Research (NBER)
Downloads 40 (740,067)
Citation 2

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15.

Market Structure and the Availability of Credit: Evidence from Auto Credit

MIT Sloan Research Paper 6879-22
Number of pages: 41 Posted: 11 Feb 2022 Last Revised: 14 May 2023
Donghoon Lee, Michael Lee and Reed Orchinik
Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York and MIT Sloan
Downloads 96 (466,800)

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Household finance, consumer credit, stress tests, availability of credit, market structure

16.

The Option Value of Human Capital: Higher Education and Wage Inequality

NBER Working Paper No. w21724
Number of pages: 51 Posted: 16 Nov 2015 Last Revised: 12 May 2023
Sang Lee, Yongseok Shin and Donghoon Lee
University of Mannheim, Washington University in St. Louis and Federal Reserve Bank of New York
Downloads 30 (795,586)
Citation 4

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17.

FHA First-Time Buyer Homeownership Sustainability: An Update

Liberty Street Economics
Posted: 30 Nov 2023
Donghoon Lee and Joseph Tracy
Federal Reserve Bank of New York and American Enterprise Institute (AEI)

Abstract:

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first-time home buyers

18.

Credit Card Delinquencies Continue to Rise—Who Is Missing Payments?

Liberty Street Economics
Posted: 15 Nov 2023
Andrew Haughwout, Donghoon Lee, Daniel Mangrum, Belicia Rodriguez, Joelle Scally, Wilbert van der Klaauw and Crystal Wang
Federal Reserve Bank of New York, Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Bank of New York, Federal Reserve Bank of New York and Federal Reserve Banks - Federal Reserve Bank of New York

Abstract:

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household finance, Consumer Credit Panel (CCP)

19.

An Update on the Health of the U.S. Consumer

Liberty Street Economics
Posted: 20 Oct 2023
Andrew Haughwout, Donghoon Lee, Daniel Mangrum, Jonathan McCarthy, Davide Melcangi, Joelle Scally and Wilbert van der Klaauw
Federal Reserve Bank of New York, Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Bank of New York - Research Department, Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Bank of New York and Federal Reserve Bank of New York

Abstract:

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consumption, excess savings, household finance, forecasting

20.

Credit Card Markets Head Back to Normal after Pandemic Pause

Liberty Street Economics
Posted: 15 Aug 2023
Andrew Haughwout, Donghoon Lee, Daniel Mangrum, Joelle Scally and Wilbert van der Klaauw
Federal Reserve Bank of New York, Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Bank of New York and Federal Reserve Bank of New York

Abstract:

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household finance, Consumer Credit Panel (CCP), credit cards

21.

The Graying of American Debt

Wharton Pension Research Council Working Paper No. 2019-09, Published in Mitchell, O., and A. Lusardi (Eds.) (2020). Remaking Retirement: Debt in an Aging Economy. Oxford, UK: Oxford University Press.
Posted: 20 Feb 2020 Last Revised: 04 Mar 2022
Meta Brown, Donghoon Lee, Joelle Scally and Wilbert van der Klaauw
Federal Reserve Bank of New York, Federal Reserve Bank of New York, Federal Reserve Bank of New York and Federal Reserve Bank of New York

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older adults, debt, home-secured debt, Great Recession