[...]This paper empirically examines the spatial and temporalresponses of the New York City economy to a large, butspatially concentrated, exogenous shock to its capital stock:the terrorist attacks of September 11, 2001. Our focus on thecity’s response allows us to draw inferences about how...

[...]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...

[...]The focus of my remarks is something else entirely. Mypurpose is threefold: first, to make the case that the study ofhistory is essential to understanding the present and future ofany urban area; second, to suggest that in terms of age, size,density, and demographic patterns, New York has...