[...]In this paper, we look at the relationship between these twoissues to examine how government regulation affects thedynamics of the low-income housing stock. We find that,consistent with theoretical models of housing, restrictions onthe supply of new units lower the supply of affordable...

[...]This exploratory paper first tests whether homeownershiphas equally positive effects for children of low-income andhigher income families. Focusing on the low-income group, itthen examines whether, and how, these homeownership effectsare influenced by neighborhood attributes. The next...

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...

[...]Local welfare offices have relied on a number of differentstrategies to shift to a more work-oriented assistance system.Some have expanded the role of former income maintenance(eligibility) workers to include more tasks related to helpingwelfare recipients find employment, or they have...

[...]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...

In the field of housing economics, there is a long traditionof evaluating housing outcomes for the entire populationand various subgroups by tracking four key variables, orconcepts: the physical adequacy of the occupied housingunit, the number of people living in the unit relative to thenumber...

[...]In this paper, we update this affordability debateusing data from the 1990s. We follow Gyourko and Linneman(1993) in addressing the affordability issue by asking asimple question: Is a home of a given quality from ten ortwenty years ago more or less affordable today to a householdsimilarly...

This paper explores changes in the relationship betweenrace, income, and criminal victimization over time. Interestin this question is motivated by the widening incomedistribution of the last two decades. Between 1980 and1994, the share of income earned by the top 5 percentof American families...

Many papers have shown that U.S. earnings inequalityincreased substantially from about 1980 to around 1996.1Recent and careful studies agree that a basic explanationfor increased earnings inequality is the rising returns tohuman capital resulting from new technology. These risingreturns have...