Implosion of the former Lexington Terrace housing projects near downtown Baltimore, Saturday, July 27, 1996. (AP Photo/Gary Sussman)

Must-Read: Huh. It now looks like the huge benefits that got us excited back in the “moving to opportunity” policy days may have been an underestimate:

Eric Chyn: Moved to Opportunity: The Long-Run Effect of Public Housing Demolition on Labor Market Outcomes of Children: “This paper provides new evidence on the effects of moving out of disadvantaged neighborhoods…

…on the long-run economic outcomes of children…. Public housing demolitions in Chicago… forced households to relocate to private market housing using vouchers…. Compar[ing] adult outcomes of children displaced by demolition to their peers who lived in nearby public housing that was not demolished[,] displaced children are 9 percent more likely to be employed and earn 16 percent more as adults…