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The literature suggests that the household invests in the human capital of a child member not only for altruistic reasons but also as insurance against future income shocks. Hence, the allocation of the child's time between school and work is a function of the risk preference of the household...
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We investigate the accuracy of ex ante assessments of vulnerability to poverty using cross-sectional data and panel … vulnerability predictions is limited even when panel data are used. In part this low accuracy is due to low poverty incidence and … high mobility. -- vulnerability ; poverty ; ROC ; German panel data …
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