This paper analyzes the dynamics of assets held by low-income households facing various types of income shocks in pre-independence and post-independence Pakistan. Focusing on the province of Khyber Pakhtunkhwa (formerly known as the North-West Frontier Province or NWFP), the paper first...

In this paper, the concept of vulnerability of the poor's welfare and its practical measures are scrutinised in order to derive implications for targeting poverty reduction policies toward vulnerable households. As illustration, various measures of vulnerability proposed in the literature are...