The U.S. Department of Housing and Urban Development’s(HUD) Moving to Opportunity for Fair HousingDemonstration, or MTO, is a large, federally funded socialexperiment designed to test whether improved neighborhoodopportunities may significantly affect the life chances of lowincomepublic...

[...]Although our analysis compares outcomes before and afterPRWORA, it should be made clear that because the formalstate plan for welfare reform did not take effect until 1999, weare not really evaluating welfare reform in New York City.Instead, our results primarily reflect the net effect of...

[...]In this article, we measure banks’ alternative fundingsources for Fedwire funds transfers throughout the day, usinga data set that includes all banks’ Fedwire funds transfers andFederal Reserve System deposits. This approach allows us togauge the importance of incoming payments as a...