This paper empirically investigates whether households affected by income shocks cope by reducing human capital investments. The analysis uses Crisis Response Surveys conducted in Armenia, Bulgaria, Montenegro, Romania, and Turkey during 2009 and 2010. A propensity score matching technique is...

This paper empirically investigates whether households affected by income shocks cope by reducing human capital investments. The analysis uses Crisis Response Surveys conducted in Armenia, Bulgaria, Montenegro, Romania, and Turkey during 2009 and 2010. A propensity score matching technique is...

Bulgaria's social safety net is not well targeted; too many benefits accrue to better-off households rather than to the poor. Comprehensive reform is needed, focusing on pensions, unemployment benefits, child allowances, and social assistance.Using data from the 1992 Bulgarian household budget...

Bulgaria's economic progress in recent years has been notable. Since 1997, the country has implemented a range of structural reforms alongside substantive fiscal and sectoral reforms. Measures have included the introduction of a currency board to stabilize the lev and more aggressive...

Where credit markers are incomplete, households must finance educational investments out of past savings or current earnings. Poor households, with low savings and low current income, may accordingly be highly constrained in their educational choices, whereas richer households are not. The...

The proposed paper provides trial estimates for particular indices of household factor income redistribution as a result of the bidirectional intervention of direct taxes and social transfers in Bulgaria for year 2003. Musgrave-Thin, Reynolds-Smolensky, Kakwani and Atkinson-Plotnik indices along...

We estimate the effects of the reform of German Unemployment Insurance that replaced the wage-related Unemployment Assistance with an income maintenance Programme and stronger means testing. We model the tax-benefit system and use the Socio-Economic Panel. We estimate a discrete labour supply...