Vulnerability to Poverty Concepts

Flashcards focusing on key vocabulary related to vulnerability to poverty and its measurement concepts.

Vulnerability to Poverty

The current probability of future poverty for a household or individual.

Chronic Poverty

A condition where a household's average income lies permanently below the poverty line.

Transitory Poverty

A condition where a household temporarily experiences low income, causing it to fall below the poverty line.

Permanent Income

The long-term average income of a household.

Shocks

Unexpected events that can lead to negative income effects, like illness or natural disasters.

Risk

The exposure to adverse situations that can impact a household's income or consumption.

Structure of Poverty

Factors such as education levels and household structure that contribute to poverty.

Social Safety Net

A system of public welfare designed to assist those in need, particularly the poor.

Income Variability

Fluctuations in income that can affect a household's ability to remain above the poverty line.

Vulnerability Assessment

A method used to identify households at risk of falling below a predefined poverty line in the future.

Ex-ante Poverty Policy

Policies aimed at preventing poverty before it occurs.

Ex-post Poverty Policy

Policies focused on alleviating poverty after it has been realized.

Negative Income Shock

An unexpected decline in income, often due to external factors like health issues or job loss.