Robert R. McCormick Foundation

Recognizing the academic benefits of access to print for young children, book distribution programs abound in the United States. Designed to promote book ownership for low-income families, programs have unique delivery systems, leading to a largely fragmented policy. This article describes an urban city’s effort to build a coordinated book distribution program. Phase 1 examines the extent of book distributions, integrating data from 74 organizations and their branches (297). Using geographic information systems, we determined the spatialized patterns of scarcity and/or opportunity and the alignment between the intended and actual audience. In Phase 2, we conducted nine focus groups from neighborhoods receiving these book distributions. Results highlight the complexities of a well-intentioned policy and how multiple methods might inform policymaking in the future.

Migration of stocks across size and value portfolios contributes to the size and value premiums in average stock returns. The size premium is almost entirely generated by the small-capitalization stocks that earn extreme positive returns and thus become big-cap stocks. The value premium comes from (1) value stocks that improve in type because their companies are acquired by other companies or because they earn high returns and migrate to a neutral or growth portfolio, (2) growth stocks that earn low returns and thus move to a neutral or value portfolio, and (3) the slightly higher returns on value stocks that do not migrate compared with the returns on growth stocks that do not migrate.