Uncertainty and unpredictability faced by low-income households increase their vulnerability making poverty even more … vulnerability. A theoretical framework is developed to examine the mechanisms through which the pecuniary and non-pecuniary effects …. Going beyond the traditional poverty estimates, we use a vulnerability measure which quantifies the welfare loss associated …

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 … household consumed permanently at the poverty line. The results indicate that vulnerability is very sensitive to the time …

There are alternative definitions of vulnerability to poverty. Most researchers prefer to define vulnerability as the … panel data from rural China, this paper attempt to assess the extent to which we can measure vulnerability to poverty. The … assessment is based on comparisons between predicted vulnerability and actually observed poverty. We find that the precision of …

number of interrelated headings: (1) Chronic vs. transient poverty; (2) Poverty and vulnerability; (3) The determination of …

size can contribute to poverty and vulnerability through its impact on household savings, labor supply, and parental …

Concomitant to the analysis of poverty is the measurement of vulnerability. Estimates of household vulnerability to … household characteristics. Resulting vulnerability estimates are found to be higher than poverty rates, suggesting that policy …