"Bank failures are widely feared for a number of reasons, including concern that depositors may suffer both losses in … regulators to protect all depositors in bank failures. This is likely to increase both moral hazard risk-taking by banks and poor … agency behavior by regulators with large ultimate costs to taxpayers. While ways of reducing the credit loss in bank failures …

"Solon's (1992) landmark study estimated the intergenerational elasticity (IGE) in income between fathers and sons to … intergenerational elasticity is likely to be around 0.6"--Federal Reserve Bank of Chicago web site …

This paper uses data from a new, large survey to estimate the demand for financial services of low-and-moderate income … which bank accounts to have. In particular, racial and ethnic minorities were less likely to have checking accounts than … particularly difficult (and likely very costly) for the very poor is consonant with our findings that those with less income …

in unsecured debt has been particularly striking for low-income households. Some researchers have suggested that poor … these lost earning via other income sources, showing that consumption falls in response to these earnings shortfalls. I also … sufficient access to unsecured credit to help smooth consumption in response to transitory income shocks. …