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This article discusses the out-of-court restructuring of the contractual obligations of a financially distressed firm, under conditions of asymmetric information among the firm’s creditors and in situations where a creditor bank makes concessions conditional on other creditors’ actions. I...
Persistent link: https://www.econbiz.de/10010745518
Individuals and business owners engage in an increasingly complex array of financial decisions that are critical for their success and well-being. Yet a growing literature documents that in both developed and developing countries, a large fraction of the population is unprepared to make these...
Persistent link: https://www.econbiz.de/10010884647
-income families, looking specifically at the effects on poverty, family expenditures, and child health and development. The paper … finds some commonalities but also some notable differences. Common to both countries is a sizable reduction in child poverty …, although the reduction in child poverty in the US has been less, and some families appear to have been left behind. Expenditure …
Persistent link: https://www.econbiz.de/10010884547
This paper presents a dynamic model of child labour supply in a farming household. The model clarifies the roles of land, income and household size, allowing labour and credit market imperfections. If labour markets are imperfect, child labour is increasing in farm size and decreasing in...
Persistent link: https://www.econbiz.de/10010884618
significant correlation and regression coefficients which suggest a link between inflation and inequality, while poverty appears …
Persistent link: https://www.econbiz.de/10010928756
Averaging methods are routinely used in order to limit biases resulting from the mismeasurement of permanent incomes. The Solon/Zimmerman estimator regresses a single-year measurement of the child's resources on a T-period average of the parents' income while the Behrman/Taubman estimator...
Persistent link: https://www.econbiz.de/10010928772
poverty compels work whereas a positive wage elasticity would favour the alternative view that children work because the … boys, consistent with the view that boys work on account of the compulsions of poverty. This is less clear in the case of … requires alleviation of the poverty of their households. Trade sanctions or bans on child labour may have deleterious …
Persistent link: https://www.econbiz.de/10010744915
well-known inequality indices. The same cannot be said, in respect of poverty indices, for the second-order stochastic … dominance criterion for poverty analysis introduced by Atkinson (1987). Indeed, two of the best known poverty indices, the head … provides a more comprehensive coverage of poverty indice. By establishing the relationship between welfare and poverty …
Persistent link: https://www.econbiz.de/10010744956
evaluation comprise the alleviation of poverty and the reduction in income inequality, whilst the diversity of opinions about …
Persistent link: https://www.econbiz.de/10010745069
Persistent link: https://www.econbiz.de/10010745146