In 1996, President Bill Clinton hailed the 'end of welfare as we know it' when he signed the Personal Responsibility and Work Opportunity Act. The law effectively transformed the nation's welfare system from an entitlement to a work-based one, instituting new time limits on welfare payments and...

Since the early 1980s, the U.S. economy has experienced a growing wage differential: high-skilled workers have claimed an increasing share of available income, while low-skilled workers have seen an absolute decline in real wages. How and why this disparity has arisen is a matter of ongoing...