This symposium includes seven articles about Moving to Work (MTW), a demonstration with 39 public housing agencies (PHAs) that gives participating agencies enormous flexibility to determine how to provide low-income housing assistance in pursuit of the demonstration’s three statutory...

Fiscal federalism theory predicts that states will behave strategically in welfare programs because voter demand for welfare is sensitive to tax price, while the tax price itself changes because of welfare-induced migration. This paper tests these propositions on AFDC in the United States for a...

Public finance authorities long have held that income redistribution should be a central-government function, in part because migration between jurisdictions may lead to fiscal externalities. This paper shows that approximately efficient matching rates for subnational public assistance, which...

Households supply about three-quarters of US rental housing. The paper examines the real estate investment decision and the proportion of wealth invested in real estate. Hypotheses drawn primarily from the real estate finance literature about the role of wealth, expected inflation, human...