Traditional poverty measures neglect several important dimensions of household welfare. In this paper we construct a measure of "vulnerability" which allows us to quantify the welfare loss associated with poverty as well as the loss associated with any of a variety of different sources of...

This article uses data from Uganda's largest incumbent microfinance institution to analyse the impact of entry by competing lenders on client behaviour. We observe that rising competition does not lead to an increase in client dropout rate, but induces a decline in repayment performance and...

A model of peasant household behavior, under varying degrees of household-specific food and labor market failures, is constructed to show that these structural features can explain several well known patterns of peasant response which have often been attributed to peculiar motives, presumed...