Today's financial institutions perform activities ranging from banking to securities underwriting and from asset management to insurance services. In this rapidly changing environment, conglomerates dominate the financial industry and financial market con-ditions play a significant role....

We present results from a special federal demonstration funded to examine the feasibility and effectiveness of imposing on able-bodied welfare recipients a universal and ongoing obligation to work or to participate in activities intended to lead to work. Using a classical random assignment...