Social welfare is a major issue in both developing and developed countries, including Korea. Political parties are especially struggling with the choice between universal or selective welfare but hardly any clear guidelines exist. This paper reviews universal versus selective welfare concepts...

Private equity companies have become a major force in the economic landscape. Financial- and operational-engineering are innovative characteristics of this emerging method of finance. The existing empirical data provide strong evidence that private equity activity contribute positively to the...

The purpose of this article is to analyse the factors affecting social mobility in Poland, based on results obtained from the estimation of logit models for the years 1992 - 2008 as well as from interviews asking about the necessary conditions to achieve success in life. Data used in this work...