Savings, assets, credit, and banking among low-income households: Introduction and overview

Insufficient Funds: Savings, Assets, Credit, and Banking Among Low-Income Households

Volumn , Issue , 2009, Pages 1-22

  Barr, Michael S ^a   Blank, Rebecca M ^b  

^a UNIVERSITY OF MICHIGAN LAW SCHOOL   (United States)

^b NATIONAL BUREAU OF ECONOMIC RESEARCH   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 84903032426     PISSN: None     EISSN: None     Source Type: Book    
DOI: None     Document Type: Editorial

References (31)

1. Aizcorbe, Ana M., Arthur B. Kennickell, and Kevin B. Moore. 2003. "Recent Changes in U.S. Family Finances: Evidence from the 1998 and 2001 Survey of Consumer Finances." Federal Reserve Bulletin 89(January): 1-32.
2. Bachelder, Ed, and Sam Ditzion. 2000. Survey of Non-Bank Financial Institutions for the Department of the Treasury. Boston: Dove Consulting.
3. Bair, Sheila. 2005. Low-Cost Payday Loans: Opportunities and Obstacles. Report by the Isenberg School of Management, University of Massachusetts at Amherst, to the Annie E. Casey Foundation. Baltimore: Annie E. Casey Foundation.
4. Bania, Neil, and Laura Leete. 2007. "Income Volatility and Food Insufficiency in U.S. Low-Income Households, 1992-2003." Discussion paper 1325-07. Madison: University of Wisconsin, Institute for Research on Poverty.
5. Barr, Michael S. 2004. "Banking the Poor." Yale Journal on Regulation 21(1): 121-237.
6. -. 2005. "Credit Where It Counts: The Community Reinvestment Act and Its Critics." New York University Law Review 80(2): 513-652.
7. -. 2007. "An Inclusive, Progressive National Savings and Financial Services Policy." Harvard Law and Policy Review 1(1): 161-84.
8. Barr, Michael S., Sendhil Mullainathan, and Eldar Shafir. 2008. "Behaviorally Informed Home Mortgage Credit Regulation." Working paper UCC08-12. Cambridge, Mass.: Harvard University, Joint Center for Housing Studies.
9. Berube, Alan, Anne Kim, Benjamin Forman, and Megan Burns. 2002. "The Price of Paying Taxes: How Tax Preparation and Refund Loan Fees Erode the Benefits of the EITC." Brookings Institution/Progressive Policy Institute, Center on Urban and Metropolitan Policy Survey Series (May). Available at: http://www.brookings.edu/es/urban/publications/berubekimeitc.pdf (accessed January 2009).
10. Bucks, Brian K., Arthur B. Kennickell, and Kevin B. Moore. 2006. "Recent Changes in U.S. Family Finances: Evidence from the 2001 and 2004 Survey of Consumer Finances." Federal Reserve Bulletin 92(February): A1-38.
11. Caskey, John P. 2006. "Can Personal Financial Management Education Promote Asset Accumulation by the Poor?" Policy brief 2006-PB-06. Terre Haute: Indiana State University, Networks Financial Institute.
12. Choi, James, David I. Laibson, Brigitte Madrian, and Andrew Metrick. 2002. "Defined Contribution Pensions: Plan Rules, Participant Decisions, and the Path of Least Resistance." in Tax Policy and the Economy, edited by James M. Poterba. Cambridge, Mass.: MIT Press.
13. Collins, Daryl. 2003. "Financial Instruments of the Poor: Initial Findings from the Financial Diaries Study." Development Southern Africa 22(5): 735-46.
14. Elliehausen, Gregory, and Edward C. Lawrence. 2001. "Payday Advance Credit in America: An Analysis of Customer Demand." Monograph 35. Washington, D.C.: Georgetown University, McDonough School of Business.
15. Gale, William G., J. Mark Iwry, and Peter R. Orszag. 2004. "The Saver's Credit: Issues and Options." Tax Notes 103(5): 597-612.
16. Goldberg, Fred. 2005. "The Universal Piggy Bank: Designing and Implementing a System of Savings Accounts for Children." in Inclusion in the American Dream: Assets, Poverty, and Public Policy, edited by Michael Sherraden. New York: Oxford University Press.
17. Gramlich, Edward M. 2007. Subprime Mortgages: America's Latest Boom and Bust. Washington, D.C.: Urban Institute Press.
18. Hogarth, Jeanne M., and Kevin A. O'Donnell. 1999. "Banking Relationships of Lower-Income Families and the Government Trend Toward Electronic Payment." Federal Reserve Bulletin 85(July): 459-73.
19. Hoynes, Hilary W. 2000. "The Employment, Earnings, and Income of Less-Skilled Workers over the Business Cycle." in Finding Jobs: Work and Welfare Reform, edited by David E. Card and Rebecca M. Blank. New York: Russell Sage Foundation.
20. Hurst, Erik, and James P. Ziliak. 2006. "Do Welfare Asset Limits Affect Household Savings? Evidence from Welfare Reform." Journal of Human Resources 40(1): 46-71.
21. Iwry, Mark, and David John. 2007. "Pursuing Universal Retirement Security Through Automatic IRAs." Working paper 2007-2. Washington, D.C.: Retirement Security Project.
22. Kennickell, Arthur B., Martha Starr-McCluer, and Brian J. Surette. 2000. "Recent Changes in U.S. Family Finances: Results from the 1998 Survey of Consumer Finances." Federal Reserve Bulletin 86(January): 1-29.
23. Madrian, Brigitte, and Dennis F. Shea. 2001. "The Power of Suggestion: Inertia in 401(k) Participation and Savings Behavior." Quarterly Journal of Economics 116(4): 1149-87.
24. Mishel, Lawrence, Jared Bernstein, and Sylvia Allegretto. 2005. The State of Working America: 2004-2005. Ithaca, N.Y.: Cornell University Press.
25. Nam, Yunju. 2008. "Welfare Reform and Asset Accumulation: Asset Limit Changes, Financial Assets, and Vehicle Ownership." Social Science Quarterly 89(1): 133-54.
26. Orszag, Peter, and Robert Greenstein. 2005. "Toward Progressive Pensions: A Summary of the U.S. Pension System and Proposals for Reform." in Inclusion in the American Dream: Assets, Poverty, and Public Policy, edited by Michael Sherradan. New York: Oxford University Press.
27. Rhine, Sherrie L. W., Maude Toussaint-Comeau, Jeanne M. Hogarth, and William H. Greene. 2001. "The Role of Alternative Financial Service Providers in Serving LMI Neighborhoods." Paper presented to the Federal Reserve System Community Affairs Research Conference, "Changing Financial Markets and Community Development." Washington, D.C. (April 5-6).
28. Sullivan, James X. 2006. "Welfare Reform, Savings, and Vehicle Ownership: Do Asset Limits and Vehicle Exemptions Matter?" Journal of Human Resources 41(1): 72-105.
29. Summers, Lawrence H. 2000. "Remarks of Treasury Secretary Lawrence H. Summers at the Department of Labor Retirement Savings Education Campaign Fifth Anniversary Event." U.S. Department of the Treasury, Office of Public Affairs, press room release LS-785 (July 18). Available at: http://www.treas.gov/press/releases/ls785.htm (accessed January 2009).
30. Temkin, Kenneth, and Noah Sawyer. 2004. "Analysis of Alternative Financial Service Providers." Paper prepared for the Fannie Mae Foundation. Washington, D.C.: Urban Institute, Metropolitan Housing and Communities Policy Center.
31. U.S. Department of the Treasury. 1998. "TSP Participation and Contribution Rates." Internal document on file with Michael S. Barr.