TY  - CHAP
AB  - Abstract In this paper, I examine the concept of ‘vulnerability’ within the context of income mobility of the poor. While the concept of poverty is well developed, the concept of vulnerability is less established in the economic literature. I test for the dynamics of vulnerable households in the United Kingdom using Waves 1–12 of the British Household Panel Survey and find that, of three different types of risks for which I test, household-specific shocks and economy-wide aggregate shocks have the greatest impact on consumption, in comparison to shocks to the income stream. I find vulnerable households up to at least 10 percentile points above the poverty line. Savings and earnings from a second job are not significantly associated with smoothing consumption of all vulnerable households. The results strongly indicate that income transfers and benefits assist the vulnerable in smoothing consumption. Thus, traditional poverty alleviating policies are not likely to assist the vulnerable.
VL  - 24
SN  - 978-1-78560-993-0, 978-1-78560-994-7/1049-2585
DO  - 10.1108/S1049-258520160000024003
UR  - https://doi.org/10.1108/S1049-258520160000024003
AU  - Bandyopadhyay Sanghamitra
PY  - 2016
Y1  - 2016/01/01
TI  - The Vulnerable Are Not (Necessarily) the Poor
T2  - Inequality after the 20th Century: Papers from the Sixth ECINEQ Meeting
T3  - Research on Economic Inequality
PB  - Emerald Group Publishing Limited
SP  - 29
EP  - 57
Y2  - 2024/04/19
ER  -