Short-lived shocks with long-lived impacts? household income dynamics in a transition economy / Michael Lokshin and Martin Ravallion Lokshin, Michael

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Author
Lokshin, Michael
Subjects
Income - Hungary - Econometric models.; Equilibrium (Economics) - Econometric models.
Summary
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 back from transient shocks, although not rapidly.
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http://trove.nla.gov.au/work/256945
Work ID
256945

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