Over half a million children in the United States are currently in foster care, many of whom are at risk for long-lasting emotional and health problems. Because research suggests that adoption may be one of the most promising options for the placement of these at-risk children, various policies have been introduced at all levels of government to encourage adoption. In 1980, Congress passed the ...

Larvae of intertidal species develop at sea and must return to adult habitats to replenish populations. Similarly, nutrients, detritus and plankton provide important subsidies spurring growth and reproduction of macroalgae and filter-feeding invertebrates that form the foundation of intertidal communities. Together, these factors determine the density and intensity of interactions among communi...

We provide a new modeling framework to analyze a subsidy allocation problem with endogenous market response, under a budget constraint on the total amount of subsidies that the central planner can pay. The central planner’s objective is to maximize the aggregated market consumption of a good, or equivalently, to maximize the consumer surplus. Using our framework, we identify sufficient conditio...

In this paper we examine the impact of the combined state and federal mortgage interest tax subsidies to homeownership on homeownership attainment, using panel data from 1984 to 2007 and exploiting the fact that the value of these subsidies may vary by income group across states and over time and depending on local housing market conditions and lending standards. We also exploit the fact that h...

Increases in income inequality have been associated with worsening political polarisation and disenchantment systems (Winkler, 2019). The global economic situation following the COVID-19 pandemic Russia’s war of aggression against Ukraine has resulted high inflation sharp increases energy food prices, which disproportionately affect low-income vulnerable households could long-lasting impacts on...

New regulation of health insurance markets creates multiple levels of health plans, with designations like "Gold" and "Silver." The underlying rationale for the heavy-metal approach to insurance regulation is that heterogeneity in demand for health care is not only due to health status (sick demand more than the healthy) but also to other, "taste" related factors (rich demand more than the poor...

Environmental pollution is now a serious problem in many developing countries. One approach to combat the problem is to implement various pollution control policies. However, due to a lack of adequate quantitative models, the economic impacts and effectiveness of many pollution control policies are still unknown. This article uses the computable general-equilibrium (CGE) approach to develop an ...

HOUSING POLICY DEBATE VOLUME 17 ISSUE 3 © 2006 FANNIE MAE FOUNDATION. ALL RIGHTS RESERVED. Abstract This article examines the Neighborhood Transformation Initiative (NTI), Mayor John F. Street’s plan to revitalize Philadelphia’s distressed neighborhoods by issuing $295 million in bonds to finance the acquisition of property, the demolition of derelict buildings, and the assembling of large trac...