This paper offers an axiomatic characterization of two classes of poverty measures that are sensitive to inequality of opportunity -- one a strict subset of the other. The proposed indices are sensitive not only to income shortfalls from the poverty line, but also to differences in the...

Many developing countries faced macroeconomic shocks in the 1980s and 1990s. The impact of the shocks on welfare depended on the nature of the shock, on initial household and community conditions, and on policy responses. To avoid severe and lasting losses to poor and vulnerable groups,...