Autore
Di Battista, Federica

Titolo
Scared to Be Poor: vulnerability and Poverty in Great Britain at the Beginning of the 20th century
Periodico
Rivista di storia economica
Anno: 2016 - Fascicolo: 2 - Pagina iniziale: 269 - Pagina finale: 299

This work explores the determinants of poverty in Edwardian Britain. We use a new household budget sample collected between 1900 and 1914 to understand what role vulnerability played in determining poverty and undernutrition. First, using a probit model we find that due to perceived risk on one hand, and to social norms on the other, families purchased insurance schemes as a strategy to cope with uncertainty. Second, using recursive mixed process estimation, we find that the decision to insure caused a reallocation from food to precautionary expenditures, which led to a significant reduction in calorie availability.



SICI: 0393-3415(2016)2<269:STBPVA>2.0.ZU;2-P
Testo completo: https://www.rivisteweb.it/download/article/10.1410/84065
Testo completo alternativo: https://www.rivisteweb.it/doi/10.1410/84065

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