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Insurance Against Poverty$
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Stefan Dercon

Print publication date: 2004

Print ISBN-13: 9780199276837

Published to Oxford Scholarship Online: January 2005

DOI: 10.1093/0199276838.001.0001

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The Two Poverties

The Two Poverties

(p.59) 3 The Two Poverties
Insurance Against Poverty

Abhijit Banerjee (Contributor Webpage)

Oxford University Press

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

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