In this paper we propose a new measure of vulnerability called vulnerability to downside risk. The relevant benchmark for this new measure is the current level of wellbeing of a household as opposed to another benchmark such as the poverty line. We argue that this measure adds complementary...

This paper investigates whether different types of female?headed households in Thailand and Vietnam are disadvantaged in terms of current consumption, exposure to shocks, consumption smoothing capacities, as well as vulnerability to poverty and downside risk. Using a unique panel data set of...

In this paper we propose a new measure of vulnerability called vulnerability to downside risk. The relevant benchmark for this new measure is the current level of wellbeing of a household as opposed to another benchmark such as the poverty line. We argue that this measure adds complementary...

This paper investigates whether heterogeneous subgroups of female-headed households are worse off than traditional households headed by men. We analyze the determinants of consumption, shock exposure and vulnerability to poverty. Using unique panel data of over 4000 rural households from...

In this paper we propose an approach to vulnerability called perceived vulnerability to downside risk. We argue that the other concepts of vulnerability, though partially adhering to the focus axiom, do not exclusively consider downside risks in their measures. The reason for this is that most...