Bandyopadhyay, Sanghamitra and Cowell, Frank (2007) Modelling vulnerability in the UK. 89. Suntory and Toyota International Centres for Economics and Related Disciplines, London School of Economics and Political Science, London, UK.
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In this paper we examine the concept of "vulnerability" (Townsend 1994) 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 Survey 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. Quantile-specific estimates reveal specific quantiles, particularly those around the poverty line which are most susceptible to be vulnerable to shocks to the income stream. The estimates are found to be robust to household composition and year-specific shocks.
|Item Type:||Monograph (Discussion Paper)|
|Additional Information:||© 2007 Frank Cowell and Sanghamitra Bandyopadhyay|
|Library of Congress subject classification:||H Social Sciences > HV Social pathology. Social and public welfare. Criminology|
|Journal of Economic Literature Classification System:||I - Health, Education, and Welfare > I3 - Welfare and Poverty > I32 - Measurement and Analysis of Poverty
D - Microeconomics > D1 - Household Behavior and Family Economics
D - Microeconomics > D3 - Distribution > D31 - Personal Income, Wealth, and Their Distributions
|Sets:||Collections > Economists Online
Departments > Economics
Research centres and groups > Suntory and Toyota International Centres for Economics and Related Disciplines (STICERD)
Research centres and groups > Centre for Analysis of Social Exclusion (CASE)
|Date Deposited:||22 Aug 2007|
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