Bandyopadhyay, Sanghamitra; Cowell, Frank A. - London School of Economics and Political Science - 2005
the dynamics of vulnerable households in the UKusing Waves 1 - 12 of the British Household Panel Study and find that, of … threedifferent types of risks that we test for, household-specific shocks and economy-wideaggregate shocks have the greatest impact … on consumption, in comparison to shocksto the income stream.[...] …