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Risk and Vulnerability to Poverty

In: The Many Dimensions of Poverty

Author

Listed:
  • Cesar Calvo
  • Stefan Dercon

Abstract

Human deprivation is not confined to consumption shortfalls. Recent literature is crafting both analytical and empirical frameworks that will reshape our understanding of poverty as a multidimensional condition. Low consumption, below some minimal standard, is but one of the faces of poverty, and indeed the predicaments of the poor may be often due to some other forms of deprivation, such as disease, illiteracy, malnutrition, and also a sense of insecurity and defencelessness as they endeavour to survive in an environment characterized by uncertainty about the future. In this chapter we focus on this last component, and claim that such lack of ‘peace of mind’ is a relevant form of deprivation, as argued for instance by Chambers (1989) and Narayan, Patel et al. (2000).

Suggested Citation

  • Cesar Calvo & Stefan Dercon, 2013. "Risk and Vulnerability to Poverty," Palgrave Macmillan Books, in: Nanak Kakwani & Jacques Silber (ed.), The Many Dimensions of Poverty, chapter 11, pages 215-228, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-59240-7_11
    DOI: 10.1057/9780230592407_11
    as

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