Matching schemes, where a party matches the contribution of others, reduce the effective price of a good and aim to foster its demand. We review the empirical literature on the effectiveness of these schemes in the context of public goods, especially in the field of charitable giving. As...

Licensed workers could be shielded from unemployment during recession since occupational licensing laws are asymmetric--making unlicensed workers an illegal substitute for licensed workers but not the reverse. We test our hypothesis using a difference-in-differences event study research design...

We compare business cycle fluctuations in Sub-Saharan African (SSA) countries vis-à-vis the rest of the world. Our main results are as follows: (i) African economies stand out by their macroeconomic volatility, which is is reflected in the volatility of output and other macro variables; (ii)...

This paper asks how foundation assets can be invested for greater social impact without sacrificing financial return objectives - for example, by investing in social enterprises. In organizing the socio-economic activity outside the public sector two options are generally available. At one end...

This paper argues that social entrepreneurs have a role to play in turning the tide on global issues as exemplified by the Millennium Development Goals, where innovative entrepreneurship interventions are critical. The paper introduces the individualist and the contextualist schools of social...

This article explores the issue of program diversification within Russian higher education institutions (HEIs) and its major determining forces. Comparing several historical types of specialized institutions, which were manly formed during the Soviet period, this study highlights two key issues....