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 …

In this paper we propose a new measure of vulnerability called vulnerability to downside risk. The relevant benchmark …) axiomatic measure of vulnerability to poverty. We apply a measure of both vulnerability to downside risk and to poverty to data … substantially between different wealth groups. Consequently, the relation between initial wealth and vulnerability to downside risk …

included in the analysis persistent poverty does appear to be on the increase. An increase in vulnerability, that is, swinging …

situation. This paper looks at the impact of vulnerability on the poverty line. The poverty line is adjusted in the presence of … vulnerability such that the utility of a person at the current poverty line and that at the adjusted poverty line become identical …. Using an additive model of vulnerability, it is shown that if the utility function obeys constant Arrow-Pratt absolute risk …

In the leading chapter of this dissertation, "Unemployment, Vulnerability and Poverty: A New Class of Measures, Its … that, unlike the standard measures of unemployment or poverty, account for the amount of vulnerability that exists in …

measure household vulnerability and to decompose it into idiosyncratic and covariate components. It corrects heterogeneity …