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An Agency Model of Welfare and Disability Assistance
Boadway, Robin; Marceau, Nicolas; Sato, Motohiro - 1998
Welfare programs including disability benefits have been considered as an efficient way of delivering transfers to the needy. This paper addresses the importance of administrative cost of welfare systems by focusing on an agency problem arising between the government and social workers, whose...
Persistent link: https://www.econbiz.de/10014074035
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Chapter 18 The economics of disability and disability policy
Haveman, Robert; Wolfe, Barbara - In: Handbook of health economics : volume 1, part B, (pp. 995-1051). 2000
We discuss and critique the main lines of economic research that address the economic status and behavior of the working-age population of people with disabilities. We define this population as those with physical or mental limitations that impede their daily activities or their productivity on...
Persistent link: https://www.econbiz.de/10014024187
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Group lending versus individual lending in microfinance
Lehner, Maria - 2009
Microfinance is typically associated with joint liability of group members. However, a large part of microfinance … contracts. Moreover, we show that microfinance institutions offer group loans when the loan size is rather large, refinancing … costs are high, and competition between microfinance institutions is low. Otherwise, individual loans are offered …
Persistent link: https://www.econbiz.de/10003935668
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Refinancing MFIs with market power : theory and evidence
Arnold, Lutz; Booker, Benedikt; Dorfleitner, Gregor; … - 2016
This paper presents a model of the complete microcredit financing chain investor - MIV - MFI - micro-borrower, in which social-minded MIVs provide funds only to those MFIs which do not exploit their bargaining power towards micro-borrowers. The MFIs with the highest bargaining power do not use...
Persistent link: https://www.econbiz.de/10011418233
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When pro-poor microcredit institutions favor richer borrowers : a moral hazard story
Biancini, Sara; Ettinger, David; Venet, Baptiste - 2021
We suggest an explanation for the existence of "mission drift", the tendency for Microfinance Institutions (MFIs) to …
Persistent link: https://www.econbiz.de/10012433762
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Labeled loans and human capital investments
Augsburg, Britta; Caeyers, Bet; Giunti, Sara; Malde, Bansi - 2023
Imperfect capital markets and commitment problems impede lumpy human capital investments. Labeled loans have been postulated as a potential solution to both constraints, but little is known about the role of the label in influencing investment choices in practice. We draw on a cluster randomized...
Persistent link: https://www.econbiz.de/10014371953
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Good Intentions Pave the Way to ... the Local Moneylender
Arnold, Lutz G.; Booker, Benedikt - 2012
. Microfinance programs should strive at preventing such consequences of bounded rationality. …
Persistent link: https://www.econbiz.de/10010294724
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Group Lending versus Individual Lending in Microfinance
Lehner, Maria - 2009
Microfinance is typically associated with joint liability of group members. However, a large part of microfinance … contracts. Moreover, we show that microfinance institutions offer group loans when the loan size is rather large, refinancing … costs are high, and competition between microfinance institutions is low. Otherwise, individual loans are offered …
Persistent link: https://www.econbiz.de/10010334012
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Group lending versus individual lending in microfinance
Lehner, Maria - 2008
Microfinance is typically associated with joint liability of group members. However, a large part of microfinance … contracts. Moreover, we show that microfinance institutions offer group loans when the loan size is rather large, refinancing … costs are high, and competition between microfinance institutions is low. Otherwise, individual loans are offered …
Persistent link: https://www.econbiz.de/10003951673
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Good intentions pave the way to ... the local moneylender
Arnold, Lutz; Booker, Benedikt - 2012
Microborrowers may take usurious loans to repay a loan taken from a microfinance institution because of having …. Microfinance programs should strive at preventing such consequences of bounded rationality. -- microfinance ; hyperbolic …
Persistent link: https://www.econbiz.de/10009620576