Measuring Economic Insecurity
AbstractWe provide a systematic treatment of the notion of economic insecurity, assuming that an individual’s sentiment of insecurity depends on the current wealth level and its variations experienced in the past. We think of wealth as a comprehensive variable encompassing anything that may help in coping with adverse occurrences. The current wealth level could also be interpreted as incorporating the individual’s evaluation of future prospects. Variations in wealth experienced in the recent past are given higher weight than experiences that occurred in the more distant past. Two classes of measures are characterized with sets of plausible and intuitive axioms.
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Bibliographic InfoPaper provided by Universite de Montreal, Departement de sciences economiques in its series Cahiers de recherche with number 2009-06.
Length: 20 pages
Date of creation: 2009
Date of revision:
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More information through EDIRC
Insecurity; Wealth Distribution; Social Index Numbers;
Other versions of this item:
- BOSSERT, Walter & D'AMBROSIO, Conchita, 2009. "Measuring Economic Insecurity," Cahiers de recherche 07-2009, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
- Walter Bossert & Conchita D'Ambrosio, 2009. "Measuring Economic Insecurity," Working Papers 111, ECINEQ, Society for the Study of Economic Inequality.
- Bossert, Walter & D'Ambrosio, Conchita, 2013. "Measuring Economic Insecurity," Working Paper Series UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER).
- D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
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