Measuring Economic Insecurity

Walter Bossert and Conchita D’ambrosio,
Authors registered in the RePEc Author Service: Conchita D'Ambrosio

Cahiers de recherche from Universite de Montreal, Departement de sciences economiques

Abstract: We 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.

Keywords: Insecurity; Wealth Distribution; Social Index Numbers (search for similar items in EconPapers)
JEL-codes: D63 (search for similar items in EconPapers)
Pages: 20 pages
Date: 2009
References: View complete reference list from CitEc
Citations: View citations in EconPapers (8)

Downloads: (external link)
http://hdl.handle.net/1866/2743 (application/pdf)

Related works:
Journal Article: MEASURING ECONOMIC INSECURITY (2013)
Working Paper: Measuring Economic Insecurity (2013)
Working Paper: Measuring Economic Insecurity (2009)
Working Paper: Measuring Economic Insecurity (2009)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mtl:montde:2009-06

Access Statistics for this paper

More papers in Cahiers de recherche from Universite de Montreal, Departement de sciences economiques Contact information at EDIRC.
Bibliographic data for series maintained by Sharon BREWER ().