Front Cover, Front Flap

pdf iconDownload PDF
 

Title Page, Copyright Page

pdf iconDownload PDF

pp. i-iv

Table of Contents

pdf iconDownload PDF

pp. v-vi

read more

Acknowledgments

pdf iconDownload PDF

pp. vii-x

...enter of the University of Michigan. Jane Dokko was a true partner in designing the survey. Jane and I were joined in analyzing the data by Benjamin Keys, and most of the chapters in this volume reflect our joint work. I could...

read more

Introduction

michael s. barr

pdf iconDownload PDF

pp. 1-21

...barriers to saving, lack of insurance, and credit constraints increase the economic challenges faced by low-income families. Using a unique data set from a survey I designed and that was administered in...

read more

Managing Money

michael s. barr

pdf iconDownload PDF

pp. 22-53

...stratified sample to explore the full range of financial ser- vices used by LMI households, together with systematic measures of household preference parameters, demographic characteristics, and households’ balance...

read more

And Banking for All?

michael s. barr, jane k. dokko, and benjamin j. keys

pdf iconDownload PDF

pp. 54-82

...of their monetary cost, suggests that they value these services and would find regulations banning them outright harmful. Policies such as “lifeline” banking have aimed to make traditional bank accounts...

read more

Preferences for Plastic

michael s. barr, jane k. dokko, and eleanor mcdonnell feit

pdf iconDownload PDF

pp. 83-114

...nonmonetary features of a payment card, such as the availability of federal consumer protection, are factors LMI consumers weigh most heavily when choosing among differently designed payment cards. We estimate a high take-up rate for a well-designed payment card...

read more

Which Way to the Bank?

michael s. barr, jane k. dokko, ron borzekowski, and elizabeth k. kiser

pdf iconDownload PDF

pp. 115-132

...moderate-income neighborhoods, on the other hand, tend to have fewer bank branches and more “fringe banking,” through alternative financial services (AFS) providers such as check cashers, payday lenders...

read more

Borrowing to Make Ends Meet

michael s. barr, jane k. dokko, and benjamin j. keys

pdf iconDownload PDF

pp. 133-155

...associated with short-term credit products can be high (Drysdale and Keest 2000).1 Furthermore, some short-term loans, such as payday loans, can be rolled over or extended to provide additional time to pay back...

read more

High-Cost Home Ownership

michael s. barr, jane k. dokko, and benjamin j. keys

pdf iconDownload PDF

pp. 156-178

...mortgage pricing: black borrowers and borrowers who use mortgage brokers pay more for mortgage loans than other borrowers, after controlling for a wide vari- ety of factors...

read more

Living on the Edge of Bankruptcy

michael s. barr and jane k. dokko

pdf iconDownload PDF

pp. 179-203

...efforts to permit home mortgage principal to be reduced through bankruptcy in the wake of the foreclosure crisis of the last several years, reflects policymakers’ beliefs on the causes of bankruptcy and inspired a spirited dialogue among aca- demics about households’ decisions...

read more

Expensive Tax Refunds

michael s. barr and jane k. dokko

pdf iconDownload PDF

pp. 204-217

...even though tax preparation firms have a prominent role in the U.S. tax system. Nationally, more than half of taxpayers use paid preparers to submit their tax returns. Low- and moderate-income (LMI) households are among those...

read more

Paying to Save

michael s. barr and jane k. dokko

pdf iconDownload PDF

pp. 218-245

...and is entitled to a tax refund in the amount of the difference. Overwithholding occurs at many income levels and is a common phenomenon among low- and moderate-income (LMI) taxpayers. In 2004 over 20 million LMI taxpayers filed...

read more

Behaviorally Informed Regulation

michael s. barr, sendhil mullainathan, and eldar shafir

pdf iconDownload PDF

pp. 246-278

...provides a substantially different perspective on indi- vidual behavior and its policy implications. According to this empirical perspec- tive, behavior is an amalgam of human perceptions, impulses, judgments, and...

read more

Epilogue: Crisis and Reform

michael s. barr

pdf iconDownload PDF

pp. 279-286

...economy and restart growth. Although the economy has been stabi- lized and businesses are hiring again, the country is not growing rapidly enough, millions of Americans remain out of work, and we face considerable economic...

read more

About the Authors

pdf iconDownload PDF

pp. 287-288

...Michael S. Barr is Professor of Law at the University of Michigan Law School. Barr served as Assistant Secretary of the Treasury for Financial Institutions and was a principal architect of the Dodd-Frank Wall Street Reform and Consumer Protection Act...

Index

pdf iconDownload PDF

pp. 289-294

Back Flap, Back Cover

pdf iconDownload PDF

pp. 295-296