The Two Poverties

Abhijit Banerjee

in Insurance Against Poverty

Published in print November 2004 | ISBN: 9780199276837
Published online January 2005 | e-ISBN: 9780191601620 | DOI:

Series: WIDER Studies in Development Economics

The Two Poverties

Show Summary Details


This chapter examines two concepts on poverty: poverty as desperation and poverty as vulnerability. It identifies a close connection between desperation and vulnerability because both are related to the variable V, which is the minimum socially accepted welfare level. It is argued that observable correlates of poverty characteristics should be determined and used as basis of policies.

Keywords: poverty; desperation; vulnerability; welfare

Chapter.  7612 words.  Illustrated.

Subjects: Economic Development and Growth

Full text: subscription required

How to subscribe Recommend to my Librarian

Buy this work at Oxford University Press »

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.