This study analyses the development of the economic well-being of the elderly in Swedensince 1990 - a period characterized by increased influence from the financial market andextreme economic events - using data from the Household Income Survey. The elderly werenot isolated as pensions were cut,...

Using parametric formulae under lognormality for a broad family of povertymeasures, we show that when inequality measured by the Gini coeffcient isconstant, dening the poverty line as a fraction of a central tendency of theliving standard distribution restricts the evolution of the poverty...

A priori knowledge about the shape of living standards distribution has notbeen fully exploited in the literature to investigate properties of poverty indices.The method we propose is to exploit credible distributional assumptions to: generateadditional properties for poverty indices; relate the...

We derive an explicit formula of the Watts’ poverty index, in terms of parametersof bivariate lognormal distributions of price indices and nominal livingstandards. This result enables us to: analyse the contributions of the distributionsof prices and nominal living standards in poverty;...

In this paper we examine the concept of "vulnerability" (Townsend 1994) within thecontext of income mobility of the poor. We test for the dynamics of vulnerablehouseholds in the UK using Waves 1 - 12 of the British Household Panel Survey andfind that, of three different types of risks that we...

This paper is motivated by the lack of any obvious relationship betweenaggregate poverty and unemployment in Great Britain. We derive aframework based on individuals’ risks of unemployment and poverty,and how these vary over the economic cycle. Analysing the BritishHousehold Panel Survey for...

We analyze a simple and tractable model of occupational choice in the presence of credit marketimperfections. We examine the effect of parameters governing technology and transaction costs, andhistory, in terms of the initial wealth distribution, in determining the long-term wealth...

This paper argues that our understanding of income and poverty dynamicsbenefits from taking a life cycle perspective. A person’s age and familycircumstances – the factors that shape their life cycle – affect the likelihood ofexperiencing key life events, such as partnership formation,...

The paper analyses changes in poverty in Britain since 1997. A povertylevel of 60 percent of median equivalised income is used. The first partexamines the changes that occurred between 1996/7 and 2000/1 asshown by the Family Resources Survey, on which government estimatesof Households Below...

We derive an explicit formula of the Watts’ poverty index, in terms of parametersof bivariate lognormal distributions of price indices and nominal livingstandards. This result enables us to: analyse the contributions of the distributionsof prices and nominal living standards in poverty;...