In this paper we examine the concept of quot;vulnerabilityquot; (Townsend 1994) within thecontext of income mobility of the poor. We test for the dynamics of vulnerablehouseholds in the UK using Waves 1 - 12 of the British Household Panel Survey andfind that, of three different types of risks...

In this paper we examine the concept of quot;vulnerabilityquot; within the context of incomemobility of the poor. We test for 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,...

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...

Measuring growth with ordered categorical variables is problematic due to their lack of cardinal measure and the equivocation and ambiguity inherent in the arbitrary attribution of cardinal scale to ordinal variates. Here, noting that the mean in a cardinal paradigm is the cumulation over its...

In this paper, we examine the concept of “vulnerability” within the context of income mobility of the poor. We test for the dynamics of vulnerable households in the UK using waves 1–12 of the British Household Panel Survey and find that, of three different types of risks that we test for,...