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On Measuring Vulnerability to Poverty

James Foster (), Indranil Dutta and Ajit Mishra

Working Papers from The George Washington University, Institute for International Economic Policy

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.

Keywords: Poverty; Vulnerability; Uncertainty (search for similar items in EconPapers)
JEL-codes: D69 I38 (search for similar items in EconPapers)
Pages: 34 pages
Date: 2010-03
References: Add references at CitEc
Citations: View citations in EconPapers (17)

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http://www.gwu.edu/~iiep/assets/docs/papers/Foster_IIEPWP2010-13.pdf (application/pdf)

Related works:
Journal Article: On measuring vulnerability to poverty (2011) Downloads
Working Paper: On Measuring Vulnerability to Poverty (2010) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:gwi:wpaper:2010-13

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