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.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by University of Oxford, Department of Economics in its series Economics Series Working Papers with number WPS/2007-03.
Date of creation: 01 Mar 2007
Date of revision:
Other versions of this item:
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
- I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
- I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Hans Binswanger, 1981.
"Attitudes toward risk: Theoretical implications of an experiment in rural india,"
Artefactual Field Experiments
00010, The Field Experiments Website.
- Binswanger, Hans P, 1981. "Attitudes toward Risk: Theoretical Implications of an Experiment in Rural India," Economic Journal, Royal Economic Society, vol. 91(364), pages 867-90, December.
- Stefan Dercon & John Hoddinott & Tassew Woldehanna, 2005. "Shocks and Consumption in 15 Ethiopian Villages, 1999--2004," Journal of African Economies, Centre for the Study of African Economies (CSAE), vol. 14(4), pages 559-585, December.
- Basu, Kaushik & Nolen, Patrick, 2004. "Vulnerability, Unemployment and Poverty: A New Class of Measures, Its Axiomatic Properties and Application," Working Papers 04-07, Cornell University, Center for Analytic Economics.
- Asep Suryahadi & Sudarno Sumarto, 2003. "Poverty and Vulnerability in Indonesia Before and After the Economic Crisis," Asian Economic Journal, East Asian Economic Association, vol. 17(1), pages 45-64, 03.
- Ligon, Ethan & Schechter, Laura, 2002.
2002 Annual meeting, July 28-31, Long Beach, CA
19899, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
- Sajeda Amin & Ashok S. Rai & Giorgio Topa, 1999.
"Does Microcredit Reach the Poor and Vulnerable? Evidence from Northern Bangladesh,"
CID Working Papers
28, Center for International Development at Harvard University.
- Amin, Sajeda & Rai, Ashok S. & Topa, Giorgio, 2003. "Does microcredit reach the poor and vulnerable? Evidence from northern Bangladesh," Journal of Development Economics, Elsevier, vol. 70(1), pages 59-82, February.
- Amin, S. & Rai, A.S. & Topa, G., 2000. "Does Microcredit Reach the Poor and Vulnerable? Evidence from Nothern Bangladesh," Papers 28, Chicago - Graduate School of Business.
- Bourguignon, F. & Chakravarty, S.R., 1998.
"The Measurement of Multidimensional Poverty,"
DELTA Working Papers
98-12, DELTA (Ecole normale supérieure).
- Scott F. Richard, 1975. "Multivariate Risk Aversion, Utility Independence and Separable Utility Functions," Management Science, INFORMS, vol. 22(1), pages 12-21, September.
- Pollak, Robert A, 1979. "Bergson-Samuelson Social Welfare Functions and the Theory of Social Choice," The Quarterly Journal of Economics, MIT Press, vol. 93(1), pages 73-90, February.
- Ralph L. Keeney, 1972. "Utility Functions for Multiattributed Consequences," Management Science, INFORMS, vol. 18(5-Part-1), pages 276-287, January.
- Chakravarty, Satya R., 1983. "A new index of poverty," Mathematical Social Sciences, Elsevier, vol. 6(3), pages 307-313, December.
- Ravallion, Martin, 1988. "Expected Poverty under Risk-Induced Welfare Variability," Economic Journal, Royal Economic Society, vol. 98(393), pages 1171-82, December.
- World Bank, 2010. "Ethiopia : Re-Igniting Poverty Reduction in Urban Ethiopia through Inclusive Growth," World Bank Other Operational Studies 2921, The World Bank.
- Cesar Calvo & Stefan Dercon, 2007.
"Chronic Poverty and All That: The Measurement of Poverty over Time,"
CSAE Working Paper Series
2007-04, Centre for the Study of African Economies, University of Oxford.
- Cesar Calvo & Stefan Dercon, 2007. "Chronic Poverty and All That: The Measurement of Poverty over Time," Economics Series Working Papers WPS/2007-04, University of Oxford, Department of Economics.
- Narayan C Das & Farzana A Misha, 2010. "Addressing Extreme Poverty in a Sustainable Manner: Evidence from CFPR programme," Working Papers id:2723, eSocialSciences.
- Cesar Calvo & Stefan Dercon, 2013. "Vulnerability to individual and aggregate poverty," Social Choice and Welfare, Springer, vol. 41(4), pages 721-740, October.
- Gallardo, Mauricio, 2013. "Using the downside mean-semideviation for measuring vulnerability to poverty," Economics Letters, Elsevier, vol. 120(3), pages 416-418.
- 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.
- 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.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Caroline Wise).
If references are entirely missing, you can add them using this form.