, and makes precise the notion of balance sheet vulnerability. It also sheds some light on the role of asset prices in …

Many existing measures of vulnerability lack a theoretical basis. In this paper we propose to measure vulnerability … stochastic version of the Ramsey model, an important part of chronic poverty may be caused by the ex ante response of households … strongly on the time horizon considered. We use the model to assess the accuracy of existing regression-based vulnerability …

household consumed permanently at the poverty line. The results indicate that vulnerability is very sensitive to the time …Most measures of vulnerability are a-theoretic and essentially static. In this paper we use a stochastic Ramsey model … to find a household's optimal welfare and we measure vulnerability as the shortfall from the welfare attained if the …

Unlike aversion to inequality, aversion to poverty resists formalization in welfare economics. One way to assign … normative significance to the poverty line is to allow the welfare measure to exhibit a discrete loss from poverty (DLP) at z …

(if everybody's income goes up, who cares if inequality is up too?), and the argument is made that only poverty … poverty solely and not with inequality is internally inconsistent. …

, their distribution and poverty depend very crucially on the hypothesis made on the evolution of returns to education and …

It has been noted that failure to meet the target set by government for reducing the head count ratio of child poverty … argument that absolute poverty is not a meaningful idea, this apology for the failure of government to meet poverty targets …

The purpose of this paper will be to study the evolution of inequality and poverty in Uruguay between 1989 and 1997. We … found that from 1991 there was an increase wage inequality in Uruguay and poverty changed little, decreased until 1993 and … little to poverty. …