Reference : The Distribution of Economic Insecurity: Italy and the USA over the Great Recession
Scientific journals : Article
Business & economic sciences : Social economics
http://hdl.handle.net/10993/12966
The Distribution of Economic Insecurity: Italy and the USA over the Great Recession
English
D'Ambrosio, Conchita mailto [University of Luxembourg > Faculty of Language and Literature, Humanities, Arts and Education (FLSHASE) > Integrative Research Unit: Social and Individual Development (INSIDE) >]
Rohde, Nicholas [Griffith University, Brisbane, Australia]
2014
Review of Income and Wealth
Wiley-Blackwell
60
S1
S33-S52
Yes (verified by ORBilu)
International
0034-6586
1475-4991
[en] Insecurity ; Wealth Streams
[en] We estimate the distribution of economic insecurity in Italy and the USA using data from 1994 to 2010. Economic insecurity for each individual is assumed to depend on both current wealth and the changes in wealth that have been experienced in the past. The first element plays the role of the buffer stock that can be relied on in the case of an adverse future event. The second element reflects the individual's confidence in his ability to overcome any losses in the future. With respect to this second element, experiences in the recent past are given greater weight than experiences that occurred in the more distant past. The results confirm that the great recession has had a dramatic effect on the distribution of economic insecurity in both countries with the effect being much stronger in the USA.
http://hdl.handle.net/10993/12966

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