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In the next ten years, advocates of microfinance organizations (MFOs) will seek more than $20 billion to provide small loans to 100 million of the poorest families worldwide. In the United States, the newest federal budget proposes a 159-percent increase in the about $200 million spent per year...
Persistent link: https://www.econbiz.de/10005118666
Wide agreement about the goal of microfinance--to improve the welfare of the poor--has not led to wide agreement about how best to achieve that goal. To aid discussion, I propose a framework for outreach--the social benefits of microfinance--in terms of six aspects: worth, cost, depth, breadth,...
Persistent link: https://www.econbiz.de/10005118813
We provide a matching model where identical workers are embedded in ex- ante identical social networks. Job arrival … necessary induce stickiness in unemployment dynamics. Our endogenous matching technology shows that the effects of networks on …
Persistent link: https://www.econbiz.de/10005408313
matching methodology, in the case of multiple treatments, in order to evaluate the difference between the survival function the …
Persistent link: https://www.econbiz.de/10005408373
This paper provides a simple matching model in which unemployed workers and employers in large firms can be matched …
Persistent link: https://www.econbiz.de/10005412695
game. Conversely, the set of repeated matching (or social) equilibria also includes some plays that are not part of any … definitions, as well as the relationship to renegotiation-proof equilibrium. It is possible for repeated matching equilibria to be …
Persistent link: https://www.econbiz.de/10005062336
We examine a simple bargaining setting, where heterogeneous buyers and sellers are repeatedly matched with each other. We begin by characterizing efficiency in such a dynamic setting, and discuss how it differs from efficiency in a centralized static setting. We then study the allocations which...
Persistent link: https://www.econbiz.de/10005062338
Despite wide recognition of their significant role in explaining sustained growth and economic development, uncompensated knowledge spillovers have not yet been fully modeled with a microeconomic foundation. This paper illustrates the exchange of knowledge as well as its consequences for...
Persistent link: https://www.econbiz.de/10005556221
Recently, several studies have analysed active labour market policies by using a recently proposed matching estimator … matching approach per se is no panacea for solving all the problems of evaluation studies, but that its success depends …
Persistent link: https://www.econbiz.de/10005556790
both the vacancy- unemployment ratio and employment. We show that the standard version of the Mortensen-Pissarides matching … the matching model with sunk costs, vacancies react sluggishly to shocks, leading to highly realistic dynamics. …
Persistent link: https://www.econbiz.de/10005561342