Vulnerability to Poverty: Theory

Cesar Calvo

No 2016-3, Working Papers from Lima School of Economics

Abstract: Two competing strands exist within the theoretical literature on vulnerability to poverty, each with its own policy implications. Vulnerability may be seen as low expected utility and thus stress the danger of self-perpetuating poverty, as the poor shy away from risky, yet necessary decisions to escape their hardship. Alternatively, vulnerability is often construed as expected poverty and provides policy-makers with a forward-looking viewpoint that both sheds light and raises new questions on how best to formulate the targeting of social spending. This paper provides an overview of the theoretical work underpinning each of these competing views.

Keywords: Poverty; Vulnerability; Risk Aversion (search for similar items in EconPapers)
JEL-codes: I3 (search for similar items in EconPapers)
Date: 2016-07
New Economics Papers: this item is included in nep-upt
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.limase.pe/descargas/workingpaper/wp-calvo-handbook-aug16.pdf Application/pdf

Related works:
Working Paper: Vulnerability to poverty: Theory (2016)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ima:wpaper:2016-003

Access Statistics for this paper

More papers in Working Papers from Lima School of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Marcos Agurto ().