Risk and Vulnerability to Poverty

Cesar Calvo and Stefan Dercon

Chapter 11 in The Many Dimensions of Poverty, 2013, pp 215-228 from Palgrave Macmillan

Abstract: Abstract Human deprivation is not confined to consumption shortfalls. Recent literature is crafting both analytical and empirical frameworks that will reshape our understanding of poverty as a multidimensional condition. Low consumption, below some minimal standard, is but one of the faces of poverty, and indeed the predicaments of the poor may be often due to some other forms of deprivation, such as disease, illiteracy, malnutrition, and also a sense of insecurity and defencelessness as they endeavour to survive in an environment characterized by uncertainty about the future. In this chapter we focus on this last component, and claim that such lack of ‘peace of mind’ is a relevant form of deprivation, as argued for instance by Chambers (1989) and Narayan, Patel et al. (2000).

Keywords: Poverty Line; Poverty Measure; Downside Risk; Multidimensional Poverty; Probability Transfer (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-59240-7_11

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DOI: 10.1057/9780230592407_11

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