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Citation Information

Type Working Paper
Title Vulnerability to poverty
Author(s)
Publication (Day/Month/Year) 2007
Page numbers 0-0
URL http://economics.ouls.ox.ac.uk/13228/1/2007-03text.pdf
Abstract
Standard 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.

Related studies

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Dercon, Stefan, and Cesar Calvo. "Vulnerability to poverty." (2007).
Copyright DataFirst, University of Cape Town