assumptions regarding the underlying economic environment. We find that when the environment is stationary, and consumption … vulnerability is employed. If the vulnerability measure is risk-sensitive, but consumption is measured with error, a simple … estimator proposed by the authors(2003) generally performs best. However, when the distribution of consumption is non …

This paper is concerned with the derivation of a welfare indicator for households from consumption data. It examines …, illustrating with reference to data for ecuador, several of the steps involved in contructing consumption aggregates and highlights …