On measuring vulnerability to poverty

Research output: Contribution to journalArticlepeer-review

Abstract

There is a growing interest on dynamic and broader concepts of deprivation such as vulnerability, which takes in to account the destitution of individuals from future shocks. We use the framework of decision making under uncertainty to arrive at a new measure of vulnerability to poverty. We highlight the importance of current standard of living to better capture the notion of vulnerability. In conceptualizing the new class of measures of vulnerability, we thus move beyond the standard expected poverty measures that is commonly found in the literature. We also axiomatically characterize the new class of measure and discuss some of its properties. © 2011 Springer-Verlag.

Bibliographical metadata

Original languageEnglish
Pages (from-to)743-761
Number of pages18
JournalSocial Choice and Welfare
Volume37
Issue number4
DOIs
Publication statusPublished - Oct 2011