On measuring vulnerability to poverty

Indranil Dutta, James Foster, Ajit Mishra

Research output: Contribution to journalArticle

37 Citations (Scopus)

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.
Original languageEnglish
Pages (from-to)743-761
Number of pages19
JournalSocial Choice and Welfare
Volume37
Issue number4
Early online date17 Aug 2011
DOIs
Publication statusPublished - 1 Oct 2011

Keywords

  • Uncertainty
  • Poverty
  • Vulnerability

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