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Citation Information

Type Working Paper
Title Vulnerability to Poverty
Volume CSAE WPS/2007-03
Publication (Day/Month/Year) 2007
Page numbers 0-0
URL http://www.economics.ox.ac.uk/index.php/papers/details/vulnerability_to_poverty/
Standard poverty analysis makes statements about deprivation after the veil of uncertainty has been lifted. Nonetheless, the term 'vulnerability' has been used as a tool to remark that uncertainty and risk do matter. In this paper, we define 'vulnerability to poverty' as the magnitude of the threat of poverty, measured ex- ante, before uncertainty is resolved. We describe the desirable properties of a vulnerability measure as a set of axioms, and present a family of measures satisfying our desiderata at the individual level. We also propose a family of measures of aggregate vulnerability, a concept which has remained largely unexplored thus far.

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