This paper reviews the current state of and challenges facing social protection in the Philippines. It describes the social protection institutions and the schemes that have been developed throughout the years. It also provides an assessment focusing on coverage, administration, and management....

The paper presents a tractable general equilibrium model of search unemployment that incorporates absence from work as a distinct labor force state. Absenteeism is driven by random shocks to the value of leisure that are private information to the workers. Firms offer wages, and possibly sick...