Measuring Economic Security in Insecure Times: New Perspectives, New Events, and the Index of Economic Well-being
AbstractThis report has two main objectives. The first is to outline the development of the methodology for the measurement of economic security in the Index of Economic Well-being (IEWB) and to provide updated estimates of the Index of Economic Security over the 1980-2007 period for seven developed countries: Canada, Australia, Germany, Norway, Sweden, the United Kingdom and the United States. The four components of the economic security domain of the IEWB – security from unemployment, illness, single-parent poverty, and old-age poverty – are discussed. The second objective is to consider the adequacy of our framework for the discussion and measurement of economic security during times as tumultuous as the present. Since 2008, the global economy has fallen into recession and anxiety about the economic future has dramatically increased. In this context, how should one measure trends in economic security? Projections of the Index to 2010, computed on the basis of OECD unemployment forecasts, indicate that the global recession will lead to a substantial decrease in economic security as the recession continues.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Centre for the Study of Living Standards in its series CSLS Research Reports with number 2009-12.
Date of creation: Dec 2009
Date of revision:
Find related papers by JEL classification:
- D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
- D60 - Microeconomics - - Welfare Economics - - - General
- D30 - Microeconomics - - Distribution - - - General
- H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
- J30 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - General
- R20 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-04-11 (All new papers)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Rafael Di Tella & Robert J. MacCulloch & Andrew J. Oswald, 2003.
"The Macroeconomics of Happiness,"
The Review of Economics and Statistics,
MIT Press, vol. 85(4), pages 809-827, November.
- Di Tella, R. & MacCulloch, R.J.: Oswald, A.J., 1997. "The Macroeconomics of Happiness," Papers 19, Centre for Economic Performance & Institute of Economics.
- Di Tella, Rafael & MacCulloch, Robert J. & Oswald, Andrew J., 2001. "The Macroeconomics of Happiness," The Warwick Economics Research Paper Series (TWERPS) 615, University of Warwick, Department of Economics.
- DiTella, Rafael & MacCulloch, Robert & Oswald, Andrew J., 1999. "The macroeconomics of happiness," ZEI Working Papers B 03-1999, ZEI - Center for European Integration Studies, University of Bonn.
- Jeff Dominitz & Charles F. Manski, 1996.
"Perceptions of Economic Insecurity: Evidence from the Survey of Economic Expectations,"
NBER Working Papers
5690, National Bureau of Economic Research, Inc.
- J. Dominitz & C. F. Manski, . "Perceptions of Economic Insecurity: Evidence from the Survey of Economic Expectations," Institute for Research on Poverty Discussion Papers 1105-96, University of Wisconsin Institute for Research on Poverty.
- Lars Osberg & Andrew Sharpe, 2002. "International Comparisons of Trends in Economic Well-being," Social Indicators Research, Springer, vol. 58(1), pages 349-382, June.
- Andrew Sharpe & Lars Osberg, 2009. "New Estimates of the Index of Economic Well-being for Selected OECD Countries, 1981 - 2007," CSLS Research Reports 2009-11, Centre for the Study of Living Standards.
- Osberg, Lars & Sharpe, Andrew, 2002. "An Index of Economic Well-Being for Selected OECD Countries," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 48(3), pages 291-316, September.
- Lars Osberg & Andrew Sharpe, 2010. "The Index of Economic Well-Being," Challenge, M.E. Sharpe, Inc., vol. 53(4), pages 25-42, July.
- Kenneth Scheve & Matthew Slaughter, 2002. "Economic Insecurity and the Globalization of Production," NBER Working Papers 9339, National Bureau of Economic Research, Inc.
- Lars Osberg & Andrew Sharpe, 2005. "How Should We Measure The "Economic" Aspects Of Well-Being? ," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 51(2), pages 311-336, 06.
- Andrew Sharpe & Lars Osberg, 2009. "New Estimates of the Index of Economic Well-being for Canada and the Provinces, 1981 - 2008," CSLS Research Reports 2009-10, Centre for the Study of Living Standards.
- Osberg, L. & Sharpe, A., 1998. "An Index of Economic Well-being for Canada," Department of Economics at Dalhousie University working papers archive 98-08, Dalhousie, Department of Economics.
- Gabriella Berloffa & Francesca Modena, 2010.
"Economic well-being in Italy: The role of income insecurity and intergenerational inequality,"
168, ECINEQ, Society for the Study of Economic Inequality.
- Berloffa, Gabriella & Modena, Francesca, 2012. "Economic well-being in Italy: The role of income insecurity and intergenerational inequality," Journal of Economic Behavior & Organization, Elsevier, vol. 81(3), pages 751-765.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Whitney Hamilton) The email address of this maintainer does not seem to be valid anymore. Please ask Whitney Hamilton to update the entry or send us the correct address.
If references are entirely missing, you can add them using this form.