This paper proposes measures of income risk that households face, and of the extent of insurance effectively delivered by the various coping mechanisms those households use to minimize the consequence of that risk by (1) contrasting the expected utility of consumption an individual has with the...

Frequent measurement of poverty is challenging, as measurement often relies on complex and expensive expenditure surveys that try to measure expenditures on a comprehensive consumption aggregate. This paper investigates the use of consumption "sub-aggregates" instead. The use of consumption...