Title: An Investigation of the Determinants of Household Vulnerability and Poverty in Korea
Abstract: The present study investigates the determinants of household poverty, and ex ante vulnerability as expected poverty. We also examine the role of household vulnerability on poverty dynamics during 2012-2013. Our empirical findings suggest that (i) although overlapping in the determinants between those two deprivations, some household characteristics such as higher debt burden are prone to not current poverty but future poverty and (ii) Not only does vulnerability translate into poverty, but also tends to create poverty trap. An accurate identification of vulnerability and an elaborate design of public safety nets are necessary for durable poverty reduction and prevention.
Publication Year: 2015
Publication Date: 2015-08-01
Language: en
Type: article
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Cited By Count: 3
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