Vulnerability to Poverty
AbstractStandard poverty analysis makes statements about deprivation after the veil of uncertainty has been lifted. Nonetheless, the term 'vulnerability' has been used as a tool to remark that uncertainty and risk do matter. In this paper, we define 'vulnerability to poverty' as the magnitude of the threat of poverty, measured ex- ante, before uncertainty is resolved. We describe the desirable properties of a vulnerability measure as a set of axioms, and present a family of measures satisfying our desiderata at the individual level. We also propose a family of measures of aggregate vulnerability, a concept which has remained largely unexplored thus far.
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Bibliographic InfoPaper provided by Centre for the Study of African Economies, University of Oxford in its series CSAE Working Paper Series with number 2007-03.
Date of creation: 2007
Date of revision:
vulnerability; poverty Impact;
Find related papers by JEL classification:
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
- I31 - Health, Education, and Welfare - - Welfare and Poverty - - - General Welfare
- I32 - Health, Education, and Welfare - - Welfare and Poverty - - - Measurement and Analysis of Poverty
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- Emiliano Magrini & Pierluigi Montalbano, 2012. "Trade openness and vulnerability to poverty: Vietnam in the long-run (1992-2008)," Working Paper Series 3512, Department of Economics, University of Sussex.
- Narayan C Das & Farzana A Misha, 2010. "Addressing Extreme Poverty in a Sustainable Manner: Evidence from CFPR programme," Working Papers id:2723, eSocialSciences.
- Völker, Marc & Tongruksawattana, Songporne & Hardeweg, Bernd & Waibel, Hermann, 2011. "Climate risk perception and ex-ante mitigation strategies of rural households in Thailand and Vietnam," Proceedings of the German Development Economics Conference, Berlin 2011 79, Verein für Socialpolitik, Research Committee Development Economics.
- Montalbano, Pierluigi, 2011. "Trade Openness and Developing Countries' Vulnerability: Concepts, Misconceptions, and Directions for Research," World Development, Elsevier, vol. 39(9), pages 1489-1502, September.
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