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Did Welfare Reform End the Safety Net as We Knew It? The Record since 1996

[Symposium: US Safety Net]

By Lucie Schmidt, Lara Shore-Sheppard, and Tara Watson

Journal of Economic Perspectives, Winter 2025

This paper examines the evolution of the safety net for low-income families since welfare reform in 1996 promised to "end welfare as we know it". The total package of supports has become substantially more generous, but has changed in character. Support h...

Two Histories of the Public Safety Net

[Symposium: US Safety Net]

By Christopher Howard

Journal of Economic Perspectives, Winter 2025

Although poverty in the United States has declined over the last half century, it remains a serious problem. This article charts the historical development of the public safety net, starting with means-tested programs and then adding inclusive social insu...

Acquisitions to Enter New Markets

[Symposium: The 2023 Merger Guidelines and Beyond]

By Carl Shapiro

Journal of Economic Perspectives, Winter 2025

How should antitrust enforcers treat acquisitions by successful firms to enter new markets? Should a major pharmaceutical company with an extensive sales and distribution network be permitted to acquire a popular drug that does not compete against any of ...

Tax Privacy

By Joel Slemrod

Journal of Economic Perspectives, Winter 2025

Implementing an equitable and efficient tax system requires that the government have access to certain information about taxpayers. If the demand for privacy implies limiting government's access to relevant information, it constrains the extent to which a...