This short comment provides an assessment on the impact of changing the rules of social security contributions by employers, namely raising the tax base to include not only wages but also value added or capital investments.

The existing theoretical analysis of microfinance focuses on the nature of the loan contract such as group liability. We draw attention to the role of missing or imperfect labor market in understanding some of the important `second generation' debates in microfinance. Our analysis helps explain...

This paper analyzes a social insurance system that integrates unemploymentinsurance with a pension program through an individual account, allowingworkers to borrow against their future wage income to finance consumptionduring an unemployment episode and thus improving their search...