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Maisy Wong
University of Pennsylvania
21Publications
6H-index
178Citations
Publications 21
Newest
#1Samuel Bazzi (BU: Boston University)H-Index: 10
#2Arya Gaduh (UA: University of Arkansas)H-Index: 7
Last.Maisy Wong (UPenn: University of Pennsylvania)H-Index: 6
view all 4 authors...
We use a population resettlement program in Indonesia to identify long-run effects of intergroup contact on national integration. In the 1980s, the government relocated two million ethnically diverse migrants into hundreds of new communities. We find greater integration in fractionalized communities with many small groups, as measured by national language use at home, intermarriage, and children's name choices. However, in polarized communities with a few large groups, ethnic attachment increase...
Source
Self‐dealing is potentially important but difficult to measure. In this paper, I study special servicers in commercial mortgage‐backed securities (CMBS), which sell distressed assets on behalf of bondholders. Around 2010, ownership changes of four major servicers raised concerns that they may direct benefits to new owners' affiliates (buyers and service providers). Loans liquidated after ownership changes have greater loss rates than before (8 percentage points (p.p.), $2.3 billion in losses), r...
1 CitationsSource
The United Nations estimates that a quarter of the world’s urban population lives in slums. This paper sheds light on how a developing country city grows out of informality, through the lens of one of the largest slum upgrading programs in the world. The 1969-1984 Kampung Improvement Program (KIP) provided basic public goods in slums, covering 5 million people and 25% of the city of Jakarta, Indonesia. We assemble a granular database with program boundaries, historical maps, current land values,...
#1Samuel BazziH-Index: 10
#2Arya GaduhH-Index: 7
Last.Maisy WongH-Index: 6
view all 4 authors...
Throughout history, many governments have introduced policies to unite diverse groups through a shared sense of national identity. However, intergroup relationships at the local level are often slow to develop and confounded by spatial sorting and segregation. We shed new light on the long-run process of nation building using one of history's largest resettlement programs. Between 1979 and 1988, the Transmigration program in Indonesia relocated two million voluntary migrants from the Inner Islan...
1 Citations
#1Panle Jia Barwick (Cornell University)H-Index: 4
#2Parag A. Pathak (MIT: Massachusetts Institute of Technology)H-Index: 28
Last.Maisy WongH-Index: 6
view all 3 authors...
This paper documents uniformity in real estate commission rates offered to buyers' agents using 653,475 residential listings in eastern Massachusetts from 1998–2011. Properties listed with lower commission rates experience less favorable transaction outcomes: they are 5 percent less likely to sell and take 12 percent longer to sell. These adverse outcomes reflect decreased willingness of buyers' agents to intermediate low commission properties (steering), rather than heterogeneous seller prefere...
3 CitationsSource
#1Samuel Bazzi (BU: Boston University)H-Index: 10
#2Arya GaduhH-Index: 7
Last.Maisy WongH-Index: 6
view all 4 authors...
We use a natural experiment in Indonesia to provide causal evidence on the role of location-specific human capital and skill transferability in shaping the spatial distribution of productivity. From 1979-1988, the Transmigration Program relocated two million migrants from rural Java and Bali to new rural settlements in the Outer Islands. Villages assigned migrants from regions with more similar agroclimatic endowments exhibit higher rice productivity and nighttime light intensity one to two deca...
25 CitationsSource
#2Samuel BazziH-Index: 10
Last.Maisy WongH-Index: 6
view all 4 authors...
The success of rural relocation and resettlement programmes may be dependent on the transferability of migrants’ skills and experiences to their destinations. New findings from an Indonesian study suggest that relocation programmes should consider providing agricultural extension services to ensure migrants adapt and cope in new environments.
#1Panle Jia Barwick (Cornell University)H-Index: 4
#2Parag A. Pathak (MIT: Massachusetts Institute of Technology)H-Index: 28
Last.Maisy Wong (UPenn: University of Pennsylvania)H-Index: 6
view all 3 authors...
This paper documents uniformity in real estate commission rates across markets and time using a dataset on realtor commissions for 653,475 residential listings in eastern Massachusetts from 1998-2011. Newly established real estate brokerage offices charging low commissions grow more slowly than comparable entrants with higher commissions. Properties listed with lower commission rates experience less favorable transaction outcomes: they are 5% less likely to sell and take 12% longer to sell. Thes...
#1Karna Basu (CUNY: City University of New York)H-Index: 6
#2Maisy Wong (UPenn: University of Pennsylvania)H-Index: 6
Predictable annual lean seasons occur in many rural areas, including West Timor in Indonesia. Imperfections in savings and credit markets make it difficult for staple farmers to convert harvest season output into lean season consumption. We conduct a randomized evaluation of a seasonal food storage program and a food credit program. By providing improved ways to transfer assets across seasons, each program functions as a subsidy on lean season consumption. We find that neither program had effect...
14 CitationsSource
#1Maisy Wong (UPenn: University of Pennsylvania)H-Index: 6
I study a natural experiment in commercial mortgage-backed securities (CMBS) where some special servicers changed owners (treatment group) from 2009-2010 but not others (placebo group). The ownership change linked sellers (special servicers who liquidate CMBS assets on behalf of bondholders) and buyers (new owners), presenting a classic self-dealing conflict. Average loss rates for liquidations are 11 percentage points higher (implying additional losses of $3.2 billion for bondholders) after tre...
2 Citations
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