Appraisers and Valuation Bias: An Empirical Analysis
利用2005-2006年贷款机构的评估数据，发现评估师估值膨胀模式与工作量之间的关系因州而异，且评估师离职率较高，但作为贷款申请人并未获得更优定价。
Using appraisals from a lender across the 2005–2006 period, we find that the association between appraisers’ valuation inflation patterns and work volume varies across states. Moreover, we find a considerable occupational exit for appraisers, and provide evidence that appraisers, as applicants, did not receive better loan pricing compared with the population of applicants. Overall, this article offers novel insights concerning the political economy of financial regulation through the lens of a specific profession.