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January 24, 2025

The Targeting of Place-Based Policies: The New Markets Tax Credit Versus Opportunity Zones

Abstract For a place-based policy to succeed, it must target the right areas—typically those with lower economic development and resident well-being. The U.S. has two major place-based tax policies: the…

August 29, 2024

The Distribution of Social Capital across Individuals and its Relationship to Income

Abstract There have been several attempts to measure social capital—the value inhering in relationships—at an aggregate level, but researchers lack comprehensive individual-level social capital measures. Using a combination of direct…