Anti-poverty policy in developing countries has focused mainly on the measurement and location of poverty and the targeting of policy towards those who are currently poor. Recently, the research effort has been extended to cover those judged to be not poor at present but vulnerable to poverty in...

We analyze output risk in Italian agriculture over the period 1870-1914. We use data on a set of 16 tenanted plots grouped into three farms comprising a single large estate. We estimate the degree of risk associated with each separate crop, with the portfolio of crops at the level of the plot,...

Anti-poverty policy in developing countries has focused mainly on the measurement and location of poverty and the targeting of policy towards those who are currently poor. Recently, the research effort has been extended to cover those judged to be not poor at present but vulnerable to poverty in...