Vulnerability to Poverty: A Survey
Daisy Das () and
Ratul Mahanta ()
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Ratul Mahanta: Department of Economics and International Business, Sam Houston State University
No 1504, Working Papers from Sam Houston State University, Department of Economics and International Business
Abstract:
There has been no consensus over the concept and measurement of vulnerability to poverty (VP). Many scholars bring in different perspectives to discuss various conceptual and measurement issues. This paper summarizes the available economic literature on the definitions and measurements of VP. Despite a lack of agreement, the concept of VP essentially captures the dynamic aspects of poverty, which are extremely important for formulating appropriate and effective poverty alleviation policies. This paper discusses the three basic approaches for measuring VP. Further, the data-related issues are also discussed. Then the paper reviews previous studies on the vulnerability estimation for different countries and highlights the relative importance of various shocks in determining vulnerability. Finally, the paper ends by raising a number of policy-related issues.
Date: 2015-07
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