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The informal economy in Bangkok, Thailand, offers upward mobility but is fraught with risk. For members of the urban lower class, residence and occupation are closely inter-connected. Shifts in priorities in housing, occupation and education as family circumstances change affect the way they deploy their limited financial resources, while home fires and job lay-offs make it necessary for poor communities to accommodate frequent changes of residence and variations in production and consumption.

People with limited resources are extremely sensitive to uncertainty. Living with Risk examines...