-dealer financial assets relative to the total financial assets of broker-dealers and households. This variable has particularly strong …

households and differences in price increases across goods and services lead to unequal levels of inflation for different … households. In this paper, we measure the degree of inequality in inflation across U.S. households for the period 1987 …-2001. ; Our results suggest that the inflation experiences of U.S. households vary significantly. Most of the differences can be …

wealthy households, and lower among households that are credit constrained. These results match predictions of a simple …-up decisions, and risk averse households are found to be less, not more, likely to purchase insurance. We present evidence … suggesting that these results reflect uncertainty about the product itself, given households' limited experience with it. …

to the labor literature estimates that put households' average annual transitory income variance at about $2,200. Our … higher for less well educated households, which are more likely to be liquidity constrained than their better educated …

In this paper, we address the question whether increasing households' financial market access improves welfare in a … financial system in which there is intense competition among banks for private households' funds. Following earlier work by … Diamond and by Fecht, we use a model in which the degree of liquidity insurance offered to households through banks' deposit …