Poverty persistence in Britain: A multivariate analysis using the BHPS, 1991–1997
AbstractThis paper uses longitudinal data from the BHPS, waves 1-7, to document low-income dynamics for individuals living in Britain in 1990s. Poverty entry and exit hazard rates are estimated and used to calculate the distribution of time spent poor over a six-year period. The results underline the importance of accounting for individuals repeated spells of poverty when measuring poverty persistence. Using discrete-time proportional hazard rate models, the paper then seeks to explain and forecast the observed chances of exit/entering poverty and the distribution of time spent in poverty for individuals with selected characteristics. The socio-economic correlates of the observed poverty patterns are investigated, including the relative importance of both household and individual characteristics.
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Bibliographic InfoArticle provided by Springer in its journal Journal of Economics.
Volume (Year): 9 (2002)
Issue (Month): 1 (December)
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Web page: http://www.springerlink.com/link.asp?id=108909
Poverty Dynamics; Poverty Persistence; Multiple Spells; Hazard Rate Models; I32; I31;
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Find related papers by JEL classification:
- C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models
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