Bandyopadhyay, Sanghamitra; Cowell, Frank A. - London School of Economics and Political Science - 2007
In this paper we examine the concept of "vulnerability" (Townsend 1994) within thecontext of income mobility of the … have the greatest impact on consumption, incomparison to shocks to the income stream. Quantile-specific estimates … income stream. The estimates are foundto be robust to household composition and year-specific shocks.[...] …