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Economic insecurity and variations in resources

Author

Listed:
  • Walter Bossert

    (University of Montreal, Canada)

  • Conchita D'Ambrosio

    (INSIDE, University of Luxembourg)

Abstract

Economic insecurity is a term used to describe the uncertainty surrounding economic aspects of people’s lives. Clearly, this is a multi-faceted issue and a comprehensive formal definition that subsumes all possible aspects of it is likely to remain difficult to be agreed upon for some time to come. We characterize a class of individual economic insecurity measures based on variations in economic resources. The measures involve three easily interpretable parameters and can be computed using currently available household longitudinal data. Our proposal provides a simple and intuitively appealing criterion to assist policy makers in assessing and ameliorating economic insecurity.

Suggested Citation

  • Walter Bossert & Conchita D'Ambrosio, 2016. "Economic insecurity and variations in resources," Working Papers 422, ECINEQ, Society for the Study of Economic Inequality.
  • Handle: RePEc:inq:inqwps:ecineq2016-422
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    File URL: http://www.ecineq.org/milano/WP/ECINEQ2016-422.pdf
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. D'Ambrosio, Conchita & Clark, Andrew E. & Barazzetta, Marta, 2018. "Unfairness at work: Well-being and quits," Labour Economics, Elsevier, vol. 51(C), pages 307-316.
    2. Tetiana L Mostenska & Tetiana G Mostenska & Eduard Yurii & Zoltán Lakner & László Vasa, 2022. "Economic affordability of food as a component of the economic security of Ukraine," PLOS ONE, Public Library of Science, vol. 17(3), pages 1-21, March.
    3. Alessandro Gallo & Silvia Pacei, 2020. "Economic Insecurity in the Italian Macro-Regions," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 12(8), pages 1-65, August.
    4. Marina Romaguera de la Cruz, 2017. "Economic insecurity in Spain: A multidimensional analysis," Working Papers 448, ECINEQ, Society for the Study of Economic Inequality.
    5. Panarello, Demetrio, 2021. "Economic insecurity, conservatism, and the crisis of environmentalism: 30 years of evidence," Socio-Economic Planning Sciences, Elsevier, vol. 73(C).
    6. Cantó, Olga & García-Pérez, Carmelo & Romaguera-de-la-Cruz, Marina, 2020. "The dimension, nature and distribution of economic insecurity in European countries: A multidimensional approach," Economic Systems, Elsevier, vol. 44(3).
    7. Fabrizio Antolini & Biagio Simonetti, 2019. "The Easterlin Paradox in Italy, or the Paradox in Measuring? Define Happiness Before Investigating It," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 146(1), pages 263-285, November.
    8. Marina Romaguera‐de‐la‐Cruz, 2020. "Measuring Economic Insecurity Using a Counting Approach. An Application to Three EU Countries," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 66(3), pages 558-583, September.
    9. Marek Kośny & Maria Piotrowska, 2019. "Assessment of Economic Security of Households Based on a Scenario Analysis," Economies, MDPI, vol. 7(3), pages 1-20, August.
    10. Rohde, Nicholas & Tang, Kam Ki & D’Ambrosio, Conchita & Osberg, Lars & Rao, Prasada, 2020. "Welfare-based income insecurity in the us and germany: evidence from harmonized panel data," Journal of Economic Behavior & Organization, Elsevier, vol. 176(C), pages 226-243.

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    More about this item

    Keywords

    Insecurity; Resource Variations; Geometric Discounting; Economic Index Numbers.;
    All these keywords.

    JEL classification:

    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement

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