Social Security is a Þnancial asset whose ‘purchase’ is compulsory for most working individuals. This paper shows that the return on Social Security during the individual’s working lifetime is related to the rate of change of aggregate labor income. If an individual’s labor income is strongly related to aggregate labor income, then the Social Security asset is a particularly unattractive asset....

This article reviews the process and key recommendations derived from conducting a rapid participatory asset-focused health and social needs assessment in the small traditional rural village of Tulikup, Bali. The assessment aimed to develop recommendations for a community radio station based in Tulikup to promote social change and development. The health and social needs assessment utilized an ...

We analyze a rational expectations equilibrium model to explore the implications of information networks for financial market outcomes. Holding fixed the amount of information in the economy, network communications improve market efficiency, reduce the cost of capital, increase liquidity and trading volume. However, in equilibrium, social communications reduce information acquisition and thus h...

This paper presents a theory of social policy preferences that emphasizes the role of skills. The key to our argument is that individuals who have made risky investments in skills will demand insurance against the possible future loss of income from those investments. Most income is derived from past investments in skills, and because the transferability of skills is inversely related to their ...

Although theoretically necessary, social capital is not considered within the process of asset allocation for private investors. Both the lack of appropriate practical valuation concepts and the effort of providing and processing the required information as input for a valuation were obstacles to include social capital in this process. However, first theoretical financial models for the evaluat...

Transportation networks are important public infrastructures because they enable economic and social activity. Trends in contracting the maintenance of such assets have caused a shift in governance from a public body to market-like arrangements and changed the roles and responsibilities among asset owner, asset manager and service providers. Basic assumption of this research is that collaborati...