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Modelling Vulnerability in the UK.

Abstract:

In this paper we examine the concept of "vulnerability" (Townsend 1994) within the context of income mobility of the poor. We test for the dynam- ics of vulnerable households in the UK using Waves 1 - 12 of the British Household Panel Survey and …nd that, of three di¤erent types of risks that we test for, household-speci…c shocks and economy-wide aggregate shocks have the greatest impact on consumption, in comparison to shocks to the income stream. Quantile-speci…c estimates reveal speci…c qu...

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Sanghamitra Bandyopadhyay More by this author
Frank Cowell More by this author
Volume:
313
Series:
Discussion paper series
Publication date:
2007
URN:
uuid:43c935ba-79c3-4a08-abec-2e7ad649e496
Local pid:
ora:1352
Language:
English

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