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Identifying the Vulnerable: Concepts and Measurement

Author

Listed:
  • Indranil Dutta
  • Ajit Mishra

    (Institute of Economic Growth, Delhi)

Abstract

Vulnerability to poverty, which broadly captures the susceptibility to becoming poor in the future, has become an integral part of any deprivation assessment. In this paper we take a fresh look at measuring vulnerability, where we separate out the identiÖcation part of whether an individual is vulnerable, from the aggregation part which measures the level of vulnerability of the individual. In doing so, we also take into account the substantial informational challenges that one faces in the context of measuring vulnerability. These challenges lead us to propose identiÖcation rules which are not too demanding in terms of information. We axiomatically characterise several identiÖcation rules and a widely used measure of vulnerability. This allow us to have a deeper insight into normative judgements behind those criteria. Further, we provide an empirical illustration of the identification and measurement rules proposed in this paper using real world data from Bangladesh.

Suggested Citation

  • Indranil Dutta & Ajit Mishra, 2019. "Identifying the Vulnerable: Concepts and Measurement," IEG Working Papers 382, Institute of Economic Growth.
    • Handle: RePEc:awe:wpaper:382
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    Cited by:

    1. Saon Ray & Sabyasachi Kar, 2020. "Kuznets’ tension in India: Two episodes," IEG Working Papers 386, Institute of Economic Growth.
    2. Chandra Sekhara Rao Nuthalapati & Yogesh Bhatt & Susanto K Beero, 2020. "Is the Electronic Market the Way Forward to Overcome Market Failures?," IEG Working Papers 387, Institute of Economic Growth.
    3. Saudamini Das & Prabhakar Jha & Archana Chatterjee, 2020. "Assessing Marine Plastic Pollution in India," IEG Working Papers 389, Institute of Economic Growth.
    4. Pravakar Sahoo & Ashwani, 2020. "COVID-19 AND INDIAN ECONOMY:Impact on Growth, Manufacturing, Trade and MSME sector," IEG Working Papers 390, Institute of Economic Growth.

    More about this item

    Keywords

    Poverty; Vulnerability; Uncertainty.;
    All these keywords.

    JEL classification:

    • D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General
    • I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty
    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development

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