Abstract
Vulnerability to poverty at individual or household level may be defined as a probability that an individual or a household will be poor in the near future due to the consequences of different covariate and idiosyncratic shocks. In short, a household is vulnerable to poverty if it is likely to be poor in the near future. Morduch (1994) regarded households as vulnerable when their expected welfare status is above the poverty line but they are stochastically under the poverty line. Kurosaki (2002) regarded household as vulnerable to consumption risk if it has to reduce drastically its consumption level when the household is hit by a negative income shock. Vulnerability is also considered synonymous to transient or stochastic poverty. In non-technical language the term “vulnerability” may be termed as “defenselessness, insecurity, and exposure to risk, shocks and stress”. Vulnerability can be manifested in various aspects of life. It relates to poverty through the distress sale of productive assets; to physical weakness because more time and energy have to be substituted to earn more money to manage contingencies and to overcome powerlessness by depending on patrons and by being exploited by the powerful (Chamber 1989).
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Rahman, M., Matsui, N., Ikemoto, Y. (2013). Vulnerability to Poverty: Conceptual Framework and Measurement. In: Dynamics of Poverty in Rural Bangladesh. Springer, Tokyo. https://doi.org/10.1007/978-4-431-54285-8_15
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DOI: https://doi.org/10.1007/978-4-431-54285-8_15
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