Moral Hazard, Perverse Incentive and Homeless Families
When talking about the problem of homelessness there seem to be two ways of thinking about the problem: 1) that people are homeless strictly because of social problems (i.e. not enough affordable housing) and 2) that the people are homeless strictly because of their personal shortcomings (i.e. not working). I think the truth lies somewhere in between and I would like to propose a third way of viewing the problem.
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