This paper examines the issue of foreign aid and cash transfers to individuals in low-income economies typically found in Africa. Old-age conditional cash transfers and new mobile banking technology can cope with the well-documented problems related to moral hazard and high transaction costs...

The paper develops an overlapping-generations model that interacts with a labor market characterized by equilibrium unemployment. This structure implies that young individuals can be in two different states, employed or unemployed. Hence, the social security system contains both old-age benefits...

Purpose: The purpose of this paper is to empirically relate subordinate board structures with improved financial and social performance in microfinance institutions (MFIs). Design/methodology/approach: The research question is analyzed using a panel data from 23 MFIs in Ethiopia over a period...