Bandyopadhyay, Sanghamitra; Cowell, Frank - London School of Economics (LSE) - 2007
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 … to the income stream. The estimates are found to be robust to household composition and year-specific shocks. …