On Measuring Vulnerability to Poverty
James Foster (),
Indranil Dutta and
Working Papers from The George Washington University, Institute for International Economic Policy
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.
Keywords: Poverty; Vulnerability; Uncertainty (search for similar items in EconPapers)
JEL-codes: D69 I38 (search for similar items in EconPapers)
Pages: 34 pages
References: Add references at CitEc
Citations: View citations in EconPapers (17) Track citations by RSS feed
Downloads: (external link)
Journal Article: On measuring vulnerability to poverty (2011)
Working Paper: On Measuring Vulnerability to Poverty (2010)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:gwi:wpaper:2010-13
Access Statistics for this paper
More papers in Working Papers from The George Washington University, Institute for International Economic Policy Contact information at EDIRC.
Bibliographic data for series maintained by Kyle Renner ().