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

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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

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