policy. A critical dimension to poverty dynamics is vulnerability which conceptually pertains to the risk of future poverty …The reduction of poverty is at the heart of the development agenda both nationally and globally. This is reflected in … the measurement of poverty is ex post and thus, public interventions are directed at helping those who have been …

household consumed permanently at the poverty line. The results indicate that vulnerability is very sensitive to the time … to find a household's optimal welfare and we measure vulnerability as the shortfall from the welfare attained if the …

tourism in Nepal. Empirical evidence from a household survey and four village case studies reveals a decline of bonding social …

, while the traditional mutual support among the household members still plays a major role in the risk management process. … the changing role of the risk-mitigating social policies looking through the theoretical lenses of the risk society. The … state shifts towards promotion of individual responsibility for risk management. The welfare state policies can produce …

Assuming a risk-neutral bank and assuming household utility to be exponential, we show how under information symmetry … the covariance of income and loan repayments may explain higher household borrowings than in the case without default … that in a situation in which a household without default option would neither borrow nor save, the existence of a default …

We analyse how money as a store of value affects the decisions of a representative household under diversifiable and …. Assuming exponential utility allows us to derive an explicit relationship between optimal money holdings, the household …'s desire to tilt, smooth and stabilize consumption as well as minimize portfolio risk. In this context we also show how the …