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In this paper, we argue that credit market imperfections impact not only the level of unemployment, but also its persistence. For this purpose, we first develop a theoretical model based on the equilibrium matching framework of Mortensen and Pissarides (1999) and Pissarides (2000) where we...
Persistent link: https://www.econbiz.de/10010738519
This article analyzes whether the large scale provision of non-contributory health services encourages workers to move away from jobs that pay contributions to social security (formal employment). Using a difference-in-differences design, that exploits the variation generated by the municipal...
Persistent link: https://www.econbiz.de/10010738932
The 'ratchet effect' refers to a situation where a principal uses private information that is revealed by an agent's early actions to the agent's later disadvantage, in a context where binding multi-period contracts are not enforceable. In a simple, context-rich environment, we experimentally...
Persistent link: https://www.econbiz.de/10008792254
Many OECD countries have changed the rules for immigrants in recent decades, generally making harder to enter and to stay. France is one example. This paper studies the immigrants' response to the 2004 reform of the immigration law, which made it harder for foreigners to obtain resident status....
Persistent link: https://www.econbiz.de/10010933871
demand for credit by poor people who cannot guarantee financial collateral and stable revenues. Microfinance institutions … of microfinance programmes in industrialized countries. Considering this, we have developed in this paper an in …-depth analysis of French institutions of microfinance and an econometric analysis on the personal and social characteristics of their …
Persistent link: https://www.econbiz.de/10009368025
microfinance. En raison d'un biais de sélection, la procédure en deux étapes du modèle de sélection d'Heckman a été utilisée sur un … échantillon de 277 institutions de microfinance notées entre 2001 et 2007 et 214 non notées. La note obtenue, la performance et la …
Persistent link: https://www.econbiz.de/10009386776
Histoire et analyse des pratiques tontinières chinoises en Chine et hors de Chine
Persistent link: https://www.econbiz.de/10008789634
La finance recouvre beaucoup de produits et de services qui, entre des pays voisins, sont comparables et souvent assez proches. Il n'en est pas de même entre les pays développés et les pays en voie de développement où les pratiques financières reposent sur des relations personnelles...
Persistent link: https://www.econbiz.de/10008791946
activités.En conclusion, il semble que, dans la majorité des cas, la microfinance crée un filet de sécurité évitant ainsi des …
Persistent link: https://www.econbiz.de/10008792468
Histoire et analyse des pratiques tontinières chinoises en Chine et hors de Chine
Persistent link: https://www.econbiz.de/10008792652