Poverty is typically measured as insufficient yearly income or consumption. In practice, however, poverty is marked by … targeting transfers to challenging periods can reduce poverty most effectively by compensating for imperfect consumption … poverty measures to include a temporal dimension. Using panel data from rural India, we show how conventional poverty measures …

This paper analyzes optimal portfolio choice and consumption with stochastic volatility in incomplete markets. Using … slightly with her elasticity of intertemporal substitution; by contrast, optimal consumption relative to wealth depends on both …

This paper analyzes optimal portfolio choice and consumption with stochastic volatility in incomplete markets. Using … slightly with her elasticity of intertemporal substitution; by contrast, optimal consumption relative to wealth depends on both …