There is a growing interest on dynamic and broader concepts of deprivation such as vulnerability, which takes in to account the destitution of individuals from future shocks. We use the framework of decision making under uncertainty to arrive at a new measure of vulnerability to poverty. We...

type="main" <p>This paper presents a theoretical model to show how distributional concerns can engender social conflict. We have a two-period model that highlights the crucial role of future inequality. Equality of assets and income in the current period does not stop conflict from arising the...</p>