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...

Concomitant to the analysis of poverty is the measurement of vulnerability. Estimates of household vulnerability to income poverty are developed using a modified probit model that considers volatilities in income as being explained by some household characteristics. Resulting vulnerability...

We investigate the accuracy of ex ante assessments of vulnerability to income poverty using cross-sectional data and panel data. We use long-term panel data from Germany and apply different regression models, based on household covariates and previous-year equivalence income, to classify a...