The present study titled “Role of Microfinance Institutions in Women Empowerment” was conducted in Punjab state of India with the objective to study the role played by microfinance institutions in empowering women. The study was conducted with the scientific approach i.e deductive approach & inductive approach and the study found that the availability of basic services to the members was consid...

This paper studies the design of a nonlinear social security scheme in a society where individuals differ in two respects: productivity and degree of myopia. Myopic individuals may not save “enough” for their retirement because their “myopic self” emerges when labor supply and savings decisions are made. The social welfare function is paternalistic: the rate of time preference of the far-sighte...

Obesity may not only be linked to undesirable health outcomes but also to limitations in sexual life. The present paper aims to assess whether there is a relationship between weight change and sexual activity in obese individuals. To address the endogeneity of weight loss that is likely to result in biased estimation results, the analysis is based on data from a randomized controlled trial. In ...

Franchising seems like a particularly attractive mode of entry for global companies that wish to anchor their brand in China, without taking much risk. The case of RetailCo is particularly interesting to those who want to understand the dynamic nature of China’s retail environment in relation to the franchise concept. As the master franchisee of Athlete’s Foot China, RetailCo introduced a new c...

We present four attacks on three cryptographic schemes intended for securing log files against illicit retroactive modification. Our first two attacks regard the LogFAS scheme by Yavuz et al. (Financial Cryptography 2012), whereas our third and fourth attacks break the BMand AR-FssAgg schemes by Ma (AsiaCCS 2008). All schemes have an accompanying security proof, seemingly contradicting the exis...

Businesses operating in the Global Financial Services Industry (GFSI) know the importance of protecting information assets from ever-growing security threats and risks. This paper aims at shedding light on the relationships between four relevant contextual factors i.e. national legal infrastructure, transparency levels, ethical behavior of firms, and capacity for innovation, on the one hand, an...

This paper attempts to provide some empirical evidence on the effects of social security on savings mobilization of households. While it has been empirically established in developed countries that pension system has important effects on savings, no important study has been established yet in the Philippines. Following Feldstein’s model, consumption and savings function using a household survey...

In theory, improvements in healthy life expectancy should generate increases in the average age of retirement, with little effect on savings rates. In many countries, however, retirement incentives in social security programs prevent retirement ages from keeping pace with changes in life expectancy, leading to an increased need for life-cycle savings. Analyzing a cross-country panel of macroeco...

Public Law 99-509, enacted on October 21, 1986, contains the following provisions related to the oldage, survivors, and disability insurance (OASDI) program: Section 6001-Change in starting date of Federal thrift savings plan. Delays until April 1, 1987, the date that Federal employees mandatorily participating in the Federal Employees’ Retirement System (FERS),2 the new retirement system for e...

In the financial industry, Information Technology (IT) is an essential production factor, but also a major expense post. Because cloud computing promises to deliver IT services more flexibly and cost-efficiently, it potentially constitutes a “perfect match” for the financial sector. However, given the high degree of regulation, concerns regarding security and compliance requirements arise. In t...