Measuring vulnerability: The director's cut

Arbeitspapier

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 uncertainty. Applying our measure to a panel dataset from Bulgaria in 1994, we find that poverty and risk play roughly equal roles in reducing welfare. Aggregate shocks are more important than idiosyncratic sources of risk, but households headed by an employed, educated male are less vulnerable to aggregate shocks than are other households. – vulnerability ; risk ; Bulgaria

Object Details

• ISBN: 9291902977
• Language: Englisch

References and Relationships

• Bibliographic citation: Series: WIDER Discussion Paper ; No. 2002/86

Classification and Topics

• Classification: Wirtschaft ; Measurement and Analysis of Poverty
• Subject: Armut ; Messung ; Risiko ; Bulgarien

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Ligon, Ethan ; Schechter, Laura
• Event: Veröffentlichung
• (who): The United Nations University World Institute for Development Economics Research (UNU-WIDER)
• (where): Helsinki
• (when): 2002

Further information

• Handle: http://hdl.handle.net/10419/52794
• Last update: 10.03.2025, 11:43 AM CET