Place Based Policies with Unemployment
---- Acknowledgments ----
A shorter version of this paper is forthcoming in the American Economic Review - Papers and Proceedings (2013). We are grateful to Matt Kahn and seminar participants at Berkeley and the AEA meetings in San Diego for useful comments. Attila Sandor Lindner provided excellent research assistance. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.