Peter Ganong
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Building Better Housing Vouchers Without Breaking the Bank
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The U.S. Department of Housing and Urban Development’s (HUD) Housing Choice Voucher Program (Section 8) is designed to help low-income families, as well as the elderly and disabled, cover the cost of “decent, safe, and sanitary housing.” Participants pay a fraction of their net household income for rent, with a…
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The Hidden Relationship Between Housing, Migration, and Inequality
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In the November issue of the Journal of Urban Economics, Peter Ganong of Chicago’s Harris School of Public Policy and Daniel Shoag of the Harvard Kennedy School investigate a troubling question: “Why has regional income convergence in the U.S. declined?” In economics, convergence—or the “catch-up effect”—is the hypothesis that per…