Economic Welfare Research Articles

Self-employment, financial access and economic welfare: empirical evidence from Africa

Purpose This study aims to investigate the empirical linkages between self-employment, financial access and economic welfare in Africa. It particularly examines the moderating role of financial access in the self-employment-economic welfare nexus and determines relevant thresholds. Design/methodology/approach The paper samples 52 African economies from 2000 to 2018 and deploys the fixed effects and bootstrap quantile regression estimators. Findings The results show that self-employment has a negative and significant relationship with economic welfare, while access to finance has a positive and significant relationship with welfare. More notably, the conditional effect of self-employment and finance is significant and positive, confirming a synergetic effect. The result suggests that pushing more people into self-employment does not necessarily enhance economic welfare, other than the avoidance of unemployment, due to the large number of replicative and necessity entrepreneurs. However, granting the self-employed more access to affordable finance that boosts entrepreneurial activities enhances economic welfare. Practical implications African governments and relevant policymakers must recognize that deepening the financial sector is crucial in creating sustainable opportunity entrepreneurs and boosting general economic welfare. Originality/value The uniqueness of this paper centers on the exposé of the relevance of financial access/development in promoting the economic welfare of self-employed persons and entrepreneurs. It also determines relevant thresholds at which finance is most significant in procuring positive impacts on economic welfare. In addition, the simultaneous quantile regression is used to show snapshots of human development index at which this impact is paramount.

Changes in Household Wealth over the Process of Widowhood Across European Countries.

Widowhood has been shown to decrease surviving spouses' economic wellbeing. However, previous research has focused mostly on income-related outcomes, and has been less attentive to the importance of wealth, the processual nature of spousal death, and cross-national variation. In this study, we assessed how total, housing, and non-housing wealth changes over the process of widowhood across eleven European countries. Individual fixed-effects regressions and longitudinal data from the Survey of Health, Ageing and Retirement in Europe (SHARE) were used to estimate how household net total wealth, housing wealth, and non-housing wealth changed three years prior and six or more years after spousal death relative to four or more years prior to widowhood in eleven European countries. In all countries, household net wealth stayed relatively constant across the widowhood process, except for in Austria, the Czech Republic and Poland where wealth declines were observed especially in the years following death. However, we found declines in housing wealth over the widowhood process, including prior to spousal death, across most countries in our sample, particularly in Austria, France, Denmark, the Czech Republic, and Poland. Declines in housing wealth were generally not reflected by changes in non-housing wealth but coincided with leaving homeownership and downsizing. Widowhood is associated with lower wealth, especially housing wealth, even in the years before spousal loss. Future research should focus on adjudicating the mechanisms behind country differences and exploring the implications of lost wealth following widowhood for surviving spouses' wellbeing and intergenerational transfers.

Voices of Refugee Families from Ukraine Currently Living in the Czech Republic

Abstract The living situation of Ukrainian refugees in the Czech Republic can be explored from various perspectives. However, the currently available data are not able to provide a sufficient view of the refugee situation. These data are rather economic (related to financial situation, employment, wage disadvantage, use of state aid, etc) and do not provide, for example, information on daily needs. Our goal is therefore to give a voice to refugees from Ukraine to describe their current perception of their life situation and based on this establish implications for social work. The data were created through the perspective of participatory research using the photovoice method (individual and group) interviews (n = 13), online responsive questionnaire survey (n = 41) and a final photo exhibition. According to the available data, the context of life situation was created by economic well-being. But the key theme of life situation of Ukrainian refugees was loneliness. An interesting aspect is the gender dimension of activities coping with loneliness, which especially includes the ‘typically female role’ of childcare.

Bullying experiences in childhood and health outcomes in adulthood.

This study examines whether the experience of being bullied at school has a long-term impact on three health outcomes in adulthood in Japan: subjective health, mental health, and activity restriction due to health conditions. We employed a random effects model and the Karlson-Holm-Breen method to decompose the total effect of being bullied at school on health inequality into a direct effect and an indirect effect working through intervening factors including education, marriage, economic well-being, and social networks. We used the Japanese Life Course Panel Surveys 2007-2020 (waves 1-14), a nationally representative panel data set that includes 2,260 male and 2,608 female respondents. The results demonstrate that for both men and women, the direct effect of being bullied at school was strong and significant. Bullying experiences in childhood had a long-term impact on health outcomes in adulthood, regardless of social background and mediating factors of education, marriage, economic well-being, and social networks. Bullying victimization increased the risk of poor subjective health, low mental health scores, and activity restriction due to health conditions. Intervening factors (especially economic well-being and friendship) mediated the association between bullying experiences and all health outcomes, but their contributions were modest. Policy measures not only to prevent bullying during childhood but also to alleviate its negative consequences in adulthood should be considered to help people who have encountered adverse childhood experiences.

Women's Economic Transformation: A Literature Review on Empowerment through Entrepreneurship and Financial Inclusion in Pekalongan, Indonesia

This systematic literature review (SLR) explores factors influencing women's empowerment through entrepreneurship and financial inclusion in Pekalongan. Key elements supporting or hindering women entrepreneurs include access to capital, entrepreneurship education, training, and robust support networks. Financial inclusion, encompassing banking services, microcredit, and financial education, is crucial for enhancing women's economic capacity and independence. The research employs a structured SLR methodology, using databases like Scopus to identify relevant studies from the past decade. The data collection involves keyword identification, literature search, screening, full-text review, and data extraction, followed by thematic analysis and coding. The findings reveal that well-designed government and NGO programs significantly impact women's economic and social well-being, with success dependent on local context and sustained support. Policy recommendations for Pekalongan include increasing access to financial services through microcredit and entrepreneurship training, expanding financial education programs, strengthening support networks via women's business groups and mentoring, and addressing socio-cultural barriers. Tailored policies and programs that consider the local context are essential for effective implementation. This study's comprehensive approach, combining women's entrepreneurship and financial inclusion within Pekalongan's context, provides practical recommendations for policymakers and enriches existing literature, offering a framework for future research and policy development in similar socio-economic settings.

Process of Acquisition to Destination – A Bang on Economic Prudence with Reference to Indian Logistics Industry

The study explores the significance of the logistics industry in the Indian economy and examines its sector-wise impact on economic well-being. It emphasizes how the presence or absence of transport infrastructure significantly influences economic growth and global competitiveness. With globalization expanding its scope, the study addresses the challenges of global logistics, such as trade laws, cultural differences, and the necessity for efficient cross-border transportation networks. Moreover, the research delves into factors driving the growth of the Indian logistics industry. Innovations and developments are seen as pivotal to economic progress, with intelligent logistics and smart transportation playing crucial roles. The Logistics Performance Index (LPI), a benchmarking tool by the World Bank, ranks countries based on logistics performance. In the 2023 report, India achieved an LPI rating of 3.4, securing the 38th position among 139 countries. The study substantiates the factors fueling the logistics industry with statistical evidence, highlighting technological advancements and the integration of IoT-enabled facilities as key drivers. Furthermore, the study discusses strategic initiatives aimed at enhancing India's logistics infrastructure. The PM Gati Shakti initiative seeks to streamline infrastructure development by promoting integrated planning and coordinated implementation across government departments. Concurrently, the National Logistics Policy (NLP) provides a comprehensive framework for the industry's development. Additionally, the Unified Logistics Interface Platform (ULIP) facilitates real-time information exchange among stakeholders, thereby simplifying logistics planning.

Estimation of potential social support requirement for tuberculosis patients in India.

Providing social support to tuberculosis (TB) patients is a recommended strategy as households having TB patients find themselves in a spiral of poverty because of high cost, huge income loss and several other economic consequences associated with TB treatment. However, there are few examples of social support globally. The Indian government introduced "Nikshay Poshan Yojana" scheme in 2018 to provide nutritional support for all registered TB patients. Financial incentive of Indian Rupee (INR) 500 (US$6) per month was proposed to be transferred directly to the registered beneficiaries' validated bank accounts. We examined the reach, timing, amount of benefit receipt, and the extent to which the benefit alleviated catastrophic costs (used as a proxy to measure the impact on permanent economic welfare as catastrophic cost is the level of cost that is likely to result in a permanent negative economic impact on households) by interviewing 1482 adult drug-susceptible TB patients from 16 districts of four states during 2019 to 2023, using the methods recommended by the World Health Organisation for estimating household costs of TB nationally. We also estimated the potential amount of social support required to achieve a zero catastrophic cost target. At the end of treatment, 31%-54% study participants received the benefit. 34%-60% of TB patients experienced catastrophic costs using different estimation methods and the benefit helped 2% study participants to remain below the catastrophic cost threshold. A uniform benefit amount of INR 10000 (US$127) for 6 months of treatment could reduce the incidence of catastrophic costs by 43%. To improve economic welfare of TB patients, levels of benefit need to be substantially increased which will have considerable budgetary impact on the TB programme. Hence, a targeted rather than universal approach may be considered. To maximise impact, at least half of the revised amount should be given immediately after treatment registration.

Identification of Predictive Biomarkers of Lameness in Transition Dairy Cows

The aim of this study was to identify with a high level of confidence metabolites previously identified as predictors of lameness and understand their biological relevance by carrying out pathway analyses. For the dairy cattle sector, lameness is a major challenge with a large impact on animal welfare and farm economics. Understanding metabolic alterations during the transition period associated with lameness before the appearance of clinical signs may allow its early detection and risk prevention. The annotation with high confidence of metabolite predictors of lameness and the understanding of interactions between metabolism and immunity are crucial for a better understanding of this condition. Using liquid chromatography–tandem mass spectrometry (LC-MS/MS) with authentic standards to increase confidence in the putative annotations of metabolites previously determined as predictive for lameness in transition dairy cows, it was possible to identify cresol, valproic acid, and gluconolactone as L1, L2, and L1, respectively which are the highest levels of confidence in identification. The metabolite set enrichment analysis of biological pathways in which predictors of lameness are involved identified six significant pathways (p < 0.05). In comparison, over-representation analysis and topology analysis identified two significant pathways (p < 0.05). Overall, our LC-MS/MS analysis proved to be adequate to confidently identify metabolites in urine samples previously found to be predictive of lameness, and understand their potential biological relevance, despite the challenges of metabolite identification and pathway analysis when performing untargeted metabolomics. This approach shows potential as a reliable method to identify biomarkers that can be used in the future to predict the risk of lameness before calving. Validation with a larger cohort is required to assess the generalization of these findings.

Free Markets and Health Care: Lessons from Welfare Economics

AbstractThe U.S. health care system is often criticized for being the most expensive in the world while delivering mediocre health outcomes. While policymakers on both the right and left agree about the need for reform, they disagree strongly about whether that reform should involve a smaller role for government or a larger role. At the same time, the U.S.’ high costs and mediocre health outcomes likely are at least partly attributable to lifestyle choices that occur outside of the health care system, creating another possible avenue for intervention. This introduction to the symposium on “Free Markets and Health Care” discusses how welfare economics provides a useful tool in evaluating the appropriateness of government involvement in markets related to health and health care. The papers in the symposium provide important new evidence to help inform debates about, for instance, regulations on health care providers and insurers, health insurance expansions, and policies designed to influence health behaviors.

Harmonizing Traditional Knowledge with Environmental Preservation: Sustainable Strategies for the Conservation of Indigenous Medicinal Plants (IMPs) and Their Implications for Economic Well-Being

The coexistence of traditional knowledge and environmental preservation presents a critical nexus in advancing sustainable development efforts, particularly concerning the conservation of indigenous medicinal plants. These plants play a dual role: they are essential components of traditional healing practices and are integral to economic stability, food security, and nutrition in communities worldwide. However, the rapid depletion of biodiversity and ecosystem degradation threaten the availability and sustainability of these vital resources. Despite their cultural and economic importance, there is a noticeable gap in the research addressing the conservation and sustainable use of indigenous medicinal plants, particularly focusing on the preservation of traditional knowledge systems. The existing literature often lacks comprehensive studies that document traditional knowledge practices related to medicinal plant conservation. Additionally, there is limited understanding of how the mismanagement of medicinal plant resources impacts the livelihoods of rural smallholder farmers who heavily rely on these plants for economic gains and food security. Hence, this study sought to explore and investigate the harmonious strategies that integrate traditional knowledge systems with modern conservation practices to safeguard indigenous medicinal plants on economic well-being in the Amatole District Municipality of the Eastern Cape. The study was conducted in 2023, and a structured questionnaire was used to capture the realities and experiences of prominent stakeholders (smallholder medicinal plant farmers). A multi-stratified sampling technique was used to draw up an appropriate sample of 150 smallholder farmers. Descriptive statistics and propensity-score matching were used for analysis. The study results indicated that the women farmers who are 44 years of average age and have 10 years of average schooling duration participate more in the production of indigenous medicinal plants. The average farm size per household is 1 ha, and it is reliant on an average of five members per household. The participation of women with indigenous medicinal plants underscores the significant role of women in traditional knowledge systems and sustainable agricultural practices, contributing to household income and community resilience. Additionally, the findings indicated that smallholder farmers are only aware of keeping indigenous medicinal plants by producing them in protected areas and on-farm conservation; other measures appear challenging to them. The study results reveal that knowledge of seed propagation, lack of knowledge of the implications of endangerment, the removal of forests with the motive of building houses, and, lastly, financial support were the constraints faced by smallholder farmers. Empirical results on the conservation and sustainable use of indigenous medicinal plants revealed that farmers are generating income to sustain the household as well as enhancing food and nutrition security. Based on the study results, it is recommended that government entities and policymakers are urged to prioritize supporting traditional knowledge, implement on-farm conservation, and foster sustainable agricultural practices to ensure biodiversity conservation, cultural preservation, and sustainable livelihoods. Enhancing targeted support for smallholder farmers, including access to land, agricultural services, and financial aid, alongside market development, ensures equitable benefits and sustainable livelihoods. Educational campaigns should raise awareness about indigenous medicinal plants’ ecological and economic importance, integrating traditional knowledge into formal education.

Pengaruh Tingkat Pengangguran Terbuka, Indeks Pembangunan Manusia, Laju Pertumbuhan PDRB Per Kapita dan Upah Minimum Provinsi Terhadap Persentase Penduduk Miskin di Indonesia pada Tahun 2021-2023

Poverty is a problem faced by Indonesia that affects social and economic welfare. This research aims to analyze the influence of the Open Unemployment Rate (TPT), Human Development Index (HDI), GDP Growth Rate per capita, and Provincial Minimum Wage (UMP) on the percentage poor population in Indonesia in 2021-2023. The data used is secondary data from the Central Statistics Agency (BPS) which covers 34 provinces in Indonesia. The research method uses the Common Effects Model (CEM), Fixed Effects Model (FEM), and Random Effects Model (REM) estimation models, with the Chow test and Hausman test to determine the best model. The research results show that TPT and UMP have a significant influence on the percentage of poor people, while HDI and GDP growth rate per capita are not significant. Rate and provincial minimum wages play an important role in poverty reduction efforts in Indonesia. The results of this research provide useful insights for policy makers in formulating effective strategies to improve community welfare

Pengaruh Tingkat Pengangguran Terbuka, Indeks Pembangunan Manusia, Laju Pertumbuhan PDRB Per Kapita dan Upah Minimum Provinsi Terhadap Persentase Penduduk Miskin di Indonesia pada Tahun 2021-2023

Poverty is a problem faced by Indonesia that affects social and economic welfare. This research aims to analyze the influence of the Open Unemployment Rate (TPT), Human Development Index (HDI), GDP Growth Rate per capita, and Provincial Minimum Wage (UMP) on the percentage poor population in Indonesia in 2021-2023. The data used is secondary data from the Central Statistics Agency (BPS) which covers 34 provinces in Indonesia. The research method uses the Common Effects Model (CEM), Fixed Effects Model (FEM), and Random Effects Model (REM) estimation models, with the Chow test and Hausman test to determine the best model. The research results show that TPT and UMP have a significant influence on the percentage of poor people, while HDI and GDP growth rate per capita are not significant. Rate and provincial minimum wages play an important role in poverty reduction efforts in Indonesia. The results of this research provide useful insights for policy makers in formulating effective strategies to improve community welfare

Comparative Analysis of Health Outcomes Between Migrants and Native Spaniards

In 2012, Spain enacted a law which changed its Universal Health System from ensuring government funded healthcare for all residents, regardless of immigration status, to restricting migrant healthcare access. This study investigates health records from 2017, one year before this restrictive legislation was repealed, to determine if such legislative action coincides with disparities in health outcomes between migrants to Spain and native Spaniards. Because a health record analysis from 2012 suggests that migrants in Spain exhibited poorer overall health even before the legislative restrictions, we hypothesized that migrant communities would continue to demonstrate lower health outcomes than native Spaniards while these restrictions were enforced. We extracted nationality and health data from the Spanish Ministry of Health’s 2017 National Health Survey. We grouped thirteen health sub-indicators into four main health indicators to compare the general physical and mental well-being of migrants and native Spaniards. These main indicators included disease prevalence, risk factors for future infirmities, mental health, and self-perceived health. After quantifying interviewees’ responses, we compared population means of migrants and natives for each sub-indicator through an unpaired t-test of means to determine trend significance. We integrated the results of sub-indicator comparisons to determine overall trends in the four main indicators. With only one exception, all eight sub-indicators for disease prevalence demonstrated decreased prevalence among migrant populations which indicates lower overall disease for migrants compared to native Spaniards. This trend continued for self-perceived health as well as all sub- indicators used to assess mental health and predisposition to future illnesses. These results suggest that migrants in Spain are healthier than their native counterparts. The better health outcomes experienced by the migrants relative to native Spaniards contradict our hypothesis. Nevertheless, previous findings explain these results as demonstrative of an established phenomenon, the “healthy migrant effect,” in which migrants typically demonstrate higher healthcare outcomes than their native counterparts. The observed “healthy migrant effect” despite legislative restrictions on migrant healthcare access, as well as the effect’s apparent disappearance during the aftermath of Spain’s 2008 economic recession, suggests that the health disparities between migrants and natives correlated more directly with a nation’s economic well-being than their legislative actions.

The wellbeing economy in practice: sustainable and inclusive growth? Or a post-growth breakthrough?

A wellbeing economy (WE) has gained a wide range of adherents in recent years, although the meanings they give to it vary. One point with conflicting understandings is whether a WE is a post-growth economy. Many environmentalists and other growth critics have long called for a move beyond the pursuit of economic growth as a societal priority and an embrace of an ethic of sufficiency. Some WE proponents highlight not only the WE’s post-growth character but also its ability to bring post-growth ideas into the political mainstream, pointing, for example, to the Wellbeing Economy Governments (WEGo), a partnership of governments with shared ambitions of creating a WE. Does increasing support for a WE represent the long-sought breakthrough for a post-growth, sufficiency-oriented environmental approach? If not, how can efforts to implement a WE be taken further in a post-growth direction? These questions are examined through case studies of countries participating in WEGo, using an analysis of government documents and other sources to determine whether they have adopted a post-growth orientation. Expanding on previous analysis of the three founding WEGo members, this article examines three more recent cases: Finland and Wales, which are both WEGo members, and Canada, which has participated in WEGo gatherings. It confirms previous findings that WEGo nations have taken only limited steps in a post-growth direction, with emerging WE practice amounting at most to a “weak post-growth approach.” However, while previous studies have emphasized conclusions applying broadly to all WEGos, this article identifies greater variation among WE cases. One case, Wales, stands out for moving further in a post-growth direction, including significant sufficiency-oriented policies such as limits on road building, although a commitment to economic growth remains evident. Building on the findings, the article concludes with some options that WEGo nations and others could take to strengthen the WE’s post-growth character.

Use of Delphi methodology to select sustainability indicators on dairy farms: an exploration of environmental, economic, social and animal welfare dimensions

Sustainable livestock production is essential to ensure the availability of food and resources, and to address the social, economic, and environmental challenges that threaten conventional livestock production. While there is consensus among economic, social, and scientific groups on the need to assess sustainability to make decisions that protect resources for present and future generations, there are few sustainability assessment tools that address it holistically. The aim of this study was to develop an assessment tool applicable to farms by identifying the indicators currently applied in dairy farms, based on a systematic literature review and expert opinion. This study used the Delphi methodology to explore sustainability indicators at the farm level. A panel of seven expert researchers and academics in livestock sustainability and animal welfare participated in the study. A high level of consensus was found for 15 economic indicators, 14 social indicators, 20 environmental indicators, and 16 animal welfare indicators. Some indicators, such as financial autonomy, transmissibility, cow and labor productivity, husbandry system, labor intensity, community bonding, labor satisfaction, biodiversity, crop rotation, fertilization, manure management, and water management, showed a high level of consensus and were considered useful in assessing sustainability on dairy farms. In addition, livestock sustainability experts reached a high consensus on 16 animal welfare indicators that could be useful in assessing farm sustainability. These results provide a solid basis for sustainability indicators in the economic, social, environmental, and animal welfare dimensions, which could serve as a basis for developing a sustainability assessment tool for dairy farms.

Use of Delphi methodology to select sustainability indicators on dairy farms: an exploration of environmental, economic, social and animal welfare dimensions

Sustainable livestock production is essential to ensure the availability of food and resources, and to address the social, economic, and environmental challenges that threaten conventional livestock production. While there is consensus among economic, social, and scientific groups on the need to assess sustainability to make decisions that protect resources for present and future generations, there are few sustainability assessment tools that address it holistically. The aim of this study was to develop an assessment tool applicable to farms by identifying the indicators currently applied in dairy farms, based on a systematic literature review and expert opinion. This study used the Delphi methodology to explore sustainability indicators at the farm level. A panel of seven expert researchers and academics in livestock sustainability and animal welfare participated in the study. A high level of consensus was found for 15 economic indicators, 14 social indicators, 20 environmental indicators, and 16 animal welfare indicators. Some indicators, such as financial autonomy, transmissibility, cow and labor productivity, husbandry system, labor intensity, community bonding, labor satisfaction, biodiversity, crop rotation, fertilization, manure management, and water management, showed a high level of consensus and were considered useful in assessing sustainability on dairy farms. In addition, livestock sustainability experts reached a high consensus on 16 animal welfare indicators that could be useful in assessing farm sustainability. These results provide a solid basis for sustainability indicators in the economic, social, environmental, and animal welfare dimensions, which could serve as a basis for developing a sustainability assessment tool for dairy farms.

Nursing students' engagement in online learning.

Reliance on digital technology may have implications for our social and economic wellbeing, including factors such as health, environmental quality, social interaction, and educational levels. Although there may be concerns, it is important to acknowledge that digital technology also offers immediate, cost-effective and accessible solutions that are transforming various services. The COVID-19 pandemic, through the disruption of educational systems worldwide, has accelerated the transformation of higher education, leading to changes in the way it is perceived. However, there is a lack of understanding regarding the relationship between digital poverty, digital literacy, and students' online experiences. This article aims to explore the engagement of nursing students in online learning post COVID.

The effect of democracy and corruption paradox on economic growth: MINT countries

This study examines the impact of democracy and corruption on the economic growth of Mexico, Indonesia, Nigeria, and Turkey over the 1975–2022 period. Utilizing the Fractional Frequency Flexible Fourier Panel Cointegration and Dynamic Ordinary Least Squares coefficient estimator, two models are employed to test hypotheses regarding economic growth. The findings reveal that democracy plays an upgrading role in the economic growth of all MINT countries, while the effect of corruption varies. In Indonesia and Mexico, corruption has a positive impact on growth, reflecting the effect of democracy, whereas Nigeria and Turkey experience a negative impact. The democracy model supports the compatibility hypothesis for all countries, asserting a positive link between democracy and economic growth. However, the corruption model yields divergent results, with Nigeria and Turkey aligning with the “grease in the wheels” hypothesis, implying that corruption can facilitate economic growth by bypassing bureaucratic obstacles, while Indonesia and Mexico support the "sand in the wheels" hypothesis, indicating that corruption hinders economic growth. This highlights the need for governments to strengthen institutions through transparency, accountability, and credibility via robust oversight and governance mechanisms. Therefore, democratic advancement, streamlined bureaucracy, and anti-corruption policies are imperative for sustainable economic growth and welfare.

Enhancing Operational Risk Management in the Mauritian Banking Sector: A Structured Approach

The purpose of this study aims to improve risk control, mitigation, and interbank risk comparison by advocating for Mauritian banks to adopt a standardised operational risk definition. The study suggests improving operational risk reduction or hedging, encouraging openness in risk management capabilities, and standardising risk assessment methods in accordance with Bank of Mauritius requirements. The study also recommends that banks create operational risk management committees to supervise risk control and mitigation initiatives. These committees should be composed of experienced personnel who are well-versed in the consequences of operational risk in the banking industry. Using a mixed-method approach, insights are obtained from various banks operating in Mauritius, with data acquired from a substantial sample of 150 participants. Targeting Mauritian bankers, questionnaires were distributed across reputable banks, and data were meticulously collected and analysed. The findings highlight contemporary concerns regarding economic well-being and the security of assets held by banks. It is recommended to implement changes on a modest scale initially, subject to close monitoring over a specified period, with the possibility of gradual expansion if successful outcomes ensue. In conclusion, this research is significant due to the limited exploration into operational risk management within the Mauritian context.

Quality of work life and associated factors among health professionals working at private and government health institutions in Awi zone, Amhara regional state, Ethiopia, 2022: a comparative cross-sectional study.

Quality of work-life issues significantly impact the economic, physical, and psychological well-being of health professionals and their families. Enhancing QWL aims to foster a conducive environment and improve work performance. This study evaluated the quality of work life of health professionals in government and private health institutions in the Awi zone, Ethiopia. A comparative cross-sectional approach was employed, with study participants selected via the lottery method in 2022. Socio-demographic and organizational-related data were collected, coded, cleaned, and entered into Epi-Data version 3.1, then analyzed using SPSS version 27. Candidate variables were selected using bivariable logistic regression (p < 0.20). We used multivariable logistic regression to identify factors associated with quality of work life, presenting AOR with a 95% CI at a 5% significance level. The study included 385 private health professionals and 395 government health professionals, with response rates of 90.38 and 92.72%, respectively. Overall quality of work-life satisfaction was 53.08% (95% CI: 49.2-57.0), with private health institution workers reporting satisfaction at 42.3% (95% CI: 37.4-47.30) and government health professionals at 63.54% (95% CI: 58.78-68.31). The difference between the two groups was 21.2% (95% CI: 14.3, 27.9). Factors significantly associated with quality of work life included type of health institutions (AOR = 2.272; 1.684, 3.065), family size (AOR = 1.536; 1.122, 2.103), personnel protective equipment (AOR = 1.369; 1.006, 1.863), eye protection (AOR = 2.090; 1.514, 2.885), engineering control (AOR = 1.563; 1.140, 2.143), and accessibility of alcohol (AOR = 1.714; 1.219, 2.410). Health professionals in private health institutions exhibited lower quality of work-life satisfaction than government health institutions. Quality of work life was significantly associated with the type of health institutions, family size, availability of personal protective equipment, eye protection, engineering control, and accessibility of alcohol. Regular monitoring and evaluation of the quality of work life, ensuring the availability of appropriate personal protective equipment, and providing sufficient materials and equipment for both groups were recommended based on the findings.