Conventional wisdom holds that without subsidized housing, more families would end up on the street. But a study published last January in the Journal of Urban Economics claims that the number would be less than experts think – and that the subsidies need to be redirected to the poorest of the poor. “If we changed that, it would make a big difference,” said Southwestern University economics professor Dirk Early.

His study, “The Determinants of Homelessness and the Targeting of Housing...

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