Poverty Measurement Under Risk Aversion Using Panel Data

Guillermo Cruces, Paul Makdissi () and Quentin Wodon ()

Contributions to Economic Analysis & Policy, 2004, vol. 3, issue 1, pages 1194-1194

Abstract: This paper shows how to take into account risk aversion when measuring poverty under income variability. An application to British panel data suggests that income and poverty comparisons between the self-employed and other groups of households are sensitive to assumptions on the degree of risk aversion. The results point to the importance of panel data in order to account for risk aversion and income variability in the measurement of poverty.

Keywords: Poverty; Risk; Self-employment; Panel data (search for similar items in EconPapers)
JEL-codes: I32 (search for similar items in EconPapers)
Date: 2004
Note: oai:bepress:bejeap-1194
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