Vulnerable Households and Variable Incomes
32 Pages Posted: 21 Feb 2008
Date Written: February 2006
In this paper we examine the concept of "vulnerability" within the context of incomemobility of the poor. We test for the dynamics of vulnerable households in the UKusing Waves 1 - 12 of the British Household Panel Study and find that, of threedifferent types of risks that we test for, household-specific shocks and economy-wideaggregate shocks have the greatest impact on consumption, in comparison to shocksto the income stream.
JEL Classification: H26, D82, D84, C72
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