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Economic Insecurity in the Malaysian Context


  • Osberg, L.


The abrupt est of rapid economic growth in Malaysia has created a new mood of insecurity. However, "economic insecurity" is rarely discussed in the professional economics literature and has received little emphasis in recent economic policy making in OECD nations. This paper argues that economic insecurity should receive more attention, because it affects social and political stability, and influences individual well-being, personal identity and labor market behavior. As well, the welfare state was largely motivated by a desire to decrease insecurity, but Malaysia has not put in place unemployment insurance or welfare progrmas to mitigate economic insecurity. The paper discusses the differences between "economic insecurity" and "risk", before turning to a discussion of how best to measure economic insecurity.

Suggested Citation

  • Osberg, L., 1998. "Economic Insecurity in the Malaysian Context," Working Papers 18, John Deutsch Institute for the Study of Economic Policy.
  • Handle: RePEc:jdi:wpaper:18

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    References listed on IDEAS

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    8. David, Paul A & Scadding, John L, 1974. "Private Savings: Ultrarationality, Aggregation, and "Denison's Law."," Journal of Political Economy, University of Chicago Press, vol. 82(2), pages 225-249, Part I, M.
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    Cited by:

    1. Marina Romaguera de la Cruz, 2017. "Economic insecurity in Spain: A multidimensional analysis," Working Papers 448, ECINEQ, Society for the Study of Economic Inequality.
    2. Francesca Modena & Concetta Rondinelli & Fabio Sabatini, 2014. "Economic Insecurity and Fertility Intentions: The Case of Italy," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 60(S1), pages 233-255, May.
    3. Celidoni, Martina, 2011. "Vulnerability to poverty: An empirical comparison of alternative measures," MPRA Paper 33002, University Library of Munich, Germany.
    4. repec:eee:socmed:v:188:y:2017:i:c:p:119-127 is not listed on IDEAS

    More about this item



    JEL classification:

    • E66 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General Outlook and Conditions
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East


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