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Direct cash transfers to households during the COVID-19 pandemic, including relief checks and Child Tax Credit payments, were delayed by weeks for recipients without bank accounts and were not received by many non-filers who lacked the time or resources to complete necessary paperwork. A postal banking system has the potential to expand access to financial infrastructure and enable the rapid distribution of resources to households in need during economic downturns – often the same households that are currently excluded from the financial system. This paper examines the history of the US Postal Savings System and the feasibility of a return to postal banking using evidence on the socioeconomic and spatial patterns of financial exclusion. We find that postal banks would be well positioned to compete with both alternative and conventional financial institutions, address issues with physical branch access, and improve outreach to vulnerable populations. [ABSTRACT FROM AUTHOR]

The impact of guaranteed income plans on economic efficiency and productivity is studied. The study is conducted by Luxembourg Income Study is used for analyzes.

For many decades, the disciplines of economics and sociology have been at odds with each other. Economists have looked down on sociology for lacking mathematical rigor; on the other hand, [...]

For many decades, the disciplines of economics and sociology have been at odds with each other. Economists have looked down on sociology for lacking mathematical rigor; on the other hand, [...]

By Andrea H. Beller and John W. Graham. New Haven: Yale University Press, 1993. Pp. 338. American children are mired in poverty. Child poverty has risen dramatically since the late [...]