On measuring vulnerability to poverty
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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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.
|Creators||Dutta, I., Foster, J. and Mishra, A.|
|Departments||Faculty of Humanities & Social Sciences > Economics|
|Research Centres||Centre for Development Studies|
Available Versions of this Item
- On Measuring Vulnerability to Poverty. (deposited 11 Mar 2010 14:51)
- On measuring vulnerability to poverty. (deposited 28 Jun 2010 09:33)[Currently Displayed]
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