This paper surveys the main conceptual and methodological evolutions of the analysis of poverty that lead to the recent focus on vulnerability. The core idea is to show the switch from an ex-post analysis of welfare to an ex-ante one. From this perspective, special attention is given to the notion of risk, as a conceptual link between poverty dynamics and vulnerability. A general framework is provided so as to introduce the reader to the most recent empirical evaluation techniques of poverty, vulnerability and the related concepts.
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