In theory it is possible that a vulnerable household will never recover from a sufficiently large but short-lived shock to its income - which could explain the persistent poverty that has emerged in many transition economies. But this study for Hungary shows that, in general, households bounce...

In theory it is possible that a vulnerable household will never recover from a sufficiently large but short-lived shock to its income, which could explain the persistent poverty that has emerged in many transition economies. But this study for Hungary shows that, in general, households bounce...

In theory, it is possible that the persistent poverty that has emerged in many transition economies, is attributable to underlying, non-convexities in the dynamics of household incomes - such that a vulnerable household will never recover from a sufficiently large, but short-lived shock to its...