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This paper investigates the effects of the Low Income Housing Tax Credit (LIHTC) on residents of buildings qualifying … different characteristics, and among families that have varying income levels and varying levels of housing security prior to … the housing subsidy provides families with a more stable living situation and with more disposable income …
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The main driver of inequality--returns on capital that exceed the rate of economic growth--is again threatening to generate extreme discontent and undermine democratic values. Thomas Piketty`s findings in this ambitious, original, rigorous work will transform debate and set the agenda for the...
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