On Measuring Vulnerability to Poverty

Indranil Dutta, James Foster, Ajit Mishra

Research output: Working paper

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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
Place of PublicationBath, U. K.
PublisherDepartment of Economics, University of Bath
Publication statusPublished - 2010

Publication series

NameBath Economics Research Working Papers
No.03/10

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Keywords

  • Uncertainty
  • Poverty
  • Vulnerability
  • Global political economy

Cite this

Dutta, I., Foster, J., & Mishra, A. (2010). On Measuring Vulnerability to Poverty. (Bath Economics Research Working Papers; No. 03/10). Bath, U. K.: Department of Economics, University of Bath.