The main economic justification for government provision of social protection is to redistribute income to the poor, marginalized and vulnerable in society. In a developing country such as the Philippines, social protection has been a consistent priority of government. In the recent decade,...

Recent evidence suggests only modest social and economic impacts of microfinance. Favorable cost-benefit ratios then depend on low costs. This paper calculates the costs of microcredit and other elements of the microcredit business model using proprietary data on 1,335 microfinance institutions...

The main economic justification for government provision of social protection is to redistribute income to the poor, marginalized and vulnerable in society. In a developing country such as the Philippines, social protection has been a consistent priority of government. In the recent decade,...

Heterogeneity in longevity between socioeconomic groups is increasingly documented for developed economies and is reviewed in the paper. Heterogeneity in life expectancy disaggregated by main socioeconomic characteristics – such as age, gender, race, health, education, profession, income, and...

Heterogeneity in longevity between socioeconomic groups is increasingly documented for developed economies and is reviewed in the paper. Heterogeneity in life expectancy disaggregated by main socioeconomic characteristics - such as age, gender, race, health, education, profession, income, and...

This study provides estimations of public implicit guarantees over the period 1997 to 2012 using a rating-based model. The investigation focuses on a sample of 45 large, listed European banks. It appears that the main element for determining the value of the public subsidy is the intrinsic...