luxury goods. Moreover, uncertainty reduces household propensity to invest in mutual funds. These results support the notion … that macroeconomic uncertainty can impact household decisions and have large negative effects on economic outcomes …

household welfare and poverty measures based on the financial concept of risk aversion and the volatility in welfare, measured …. Household characteristics are important determinants of the consumption risk, while availability and accessibility of coping … presence of uncertainty and risk, the current poverty status of households is not a good indicator of whether they will be poor …