Recently a number of authors have suggested to estimate censored demand systems as a system of Tobit multivariate equations employing a Quasi Maximum Likelihood (QML) estimator based on bivariate Tobit models. In this paper I study the efficiency of this QML estimator relative to the...

This paper analyzes how different economic characteristics at the individual, household and community level affect the risk of victimization, controlling for the impact of (non-economic) sociological factors. We use a nation wide household survey from Mozambique and show that the probability of...

This paper uses a survey of 932 rural households to uncover how the rural credit market operates in four provinces of Vietnam. Households obtain credit through formal and informal lenders, but formal loans are almost entirely for production and asset accumulation. Interest rates fell from 1997...

This paper uses a survey of 932 rural households to uncover how the rural credit market operates in four provinces of Vietnam. Households obtain credit through formal and informal lenders. Formal loans are almost entirely for production and asset accumulation, while informal loans are used for...

To what extent a pension system can be judged fair given structural differences in life expectancy across socioeconomic groups is not straightforward and will depend on the exact design of the system and other social policies in place, and how these policies interact with the pension system.