What Keeps the Poor from “Smoothing” Financial Risk?
From mutual aid cooperatives to burial societies, numerous informal and semiformal institutions exist to help households deal with financial risk.
Read moreFrom mutual aid cooperatives to burial societies, numerous informal and semiformal institutions exist to help households deal with financial risk.
Read moreThe Federal Adoption Tax Credit, introduced in 1997 to promote foster care adoption, became refundable for two tax years only,
Read moreThe value of the stock market in both developing and developed countries has experienced tremendous growth recently, which has a
Read moreEvidence suggests that government subsidies typically increase school attendance and at the same time decrease paid work by children. The
Read moreChoosing the right health insurance plan is difficult. People typically face large menus of plans that differ on various dimensions,
Read moreMany people are dying wealthier and leaving larger estates. At the same time, the old-age economic dependency ratio—the number of
Read moreIn 1996 federal welfare reform replaced the Aid to Families with Dependent Children (AFDC) program, the oldest welfare program for
Read moreFor the past several decades, the U.S. government has invested heavily in anti-poverty programs, like the Earned Income Tax Credit
Read moreSocial Security provides a large portion of household income in old age. Most women receive at least some Social Security
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