An Equilibrium Analysis of the Effects of Neighborhood-Based Interventions on Children
研究住房券和城市再开发项目，通过一般均衡模型分析其对儿童发展的影响，发现住房券能通过减少不平等和提升技能带来长期福利改善。
This paper studies housing vouchers and urban redevelopment programs by incorporating neighborhood effects into a general equilibrium overlapping-generations model with endogenous location choice and child development. We calibrate the model using US data and estimate impacts of large-scale implementations of rental voucher and place-based subsidy policies. Our core finding is that vouchers generate long-run welfare gains by reducing inequality and generating skill improvements that offset higher taxation and other GE effects. Although vouchers lead to larger welfare gains on average, we find housing supply.