“Market penetration” is often used as a criterion for microfinance funders, particularly investors, in microfinance asset allocation and portfolio construction. For years, low global market penetration has served as an argument of why investing in microfinance was advisable, often without...

The major goal in this thesis is to explore the potential impact of an unemployment account system on individuals' employment incentives. This thesis consists of three parts. In the first part (Chapter 2) we identify the extent of the intrapersonal income redistribution, which is inherent in the...