On Measuring Vulnerability to Poverty

34 Pages Posted: 10 Sep 2010

See all articles by Indranil Dutta

Indranil Dutta

University of Manchester - Department of Economics

James E. Foster

George Washington University

Ajit Kumar Mishra

University of Bath - Department of Economics

Date Written: April 1, 2010

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 its properties.

Keywords: Deprivation, Vulnerability, Expected Poverty, Uncertainty

JEL Classification: D63, I32

Suggested Citation

Dutta, Indranil and Foster, James E. and Mishra, Ajit Kumar, On Measuring Vulnerability to Poverty (April 1, 2010). Available at SSRN: https://ssrn.com/abstract=1674402 or http://dx.doi.org/10.2139/ssrn.1674402

Indranil Dutta

University of Manchester - Department of Economics ( email )

Arthur Lewis Building
Oxford Road
Manchester, M13 9PL
United Kingdom

James E. Foster

George Washington University ( email )

2121 I Street NW
Washington, DC 20052
United States

Ajit Kumar Mishra (Contact Author)

University of Bath - Department of Economics ( email )

Claverton Down
Bath, BA2 7AY
United Kingdom

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