出版社:Suntory Toyota International Centres for Economics and Related Disciplines
摘要:In this paper we examine the concept of "vulnerability" within the context of income mobility of the poor. We test for the dynamics of vulnerable households in the UK using Waves 1 - 12 of the British Household Panel Study and find that, of three different types of risks that we test for, household-specific shocks and economy-wide aggregate shocks have the greatest impact on consumption, in comparison to shocks to the income stream