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On measuring vulnerability to poverty


Reference:

Dutta, I., Foster, J. and Mishra, A., 2011. On measuring vulnerability to poverty. Social Choice and Welfare, 37 (4), pp. 743-761.

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Official URL:

http://dx.doi.org/10.1007/s00355-011-0570-1

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 it's properties.

Details

Item Type Articles
CreatorsDutta, I., Foster, J. and Mishra, A.
DOI10.1007/s00355-011-0570-1
Uncontrolled Keywordsuncertainty, poverty, vulnerability
DepartmentsFaculty of Humanities & Social Sciences > Economics
Research CentresCentre for Development Studies
RefereedYes
StatusPublished
ID Code19402

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