Measuring Economic Insecurity

Reference : Measuring Economic Insecurity


	Document type :	Scientific journals : Article
	Discipline(s) :	Business & economic sciences : Social economics
	To cite this reference:	http://hdl.handle.net/10993/12922

Title :	Measuring Economic Insecurity
Language :	English
Author, co-author :	D'Ambrosio, Conchita [University of Luxembourg > Faculty of Language and Literature, Humanities, Arts and Education (FLSHASE) > Integrative Research Unit: Social and Individual Development (INSIDE) >]
	Bossert, Walter [Université de Montréal - UdeM]
Publication date :	2013
Journal title :	International Economic Review
Publisher :	Blackwell Publishing
Volume :	54
Pages :	1017-1030
Peer reviewed :	Yes (verified by ORBi^lu)
Audience :	International
ISSN :	0020-6598
Keywords :	[en] Insecurity ; Wealth Streams ; Economic Index Numbers
Abstract :	[en] We provide an axiomatic treatment of the measurement of economic insecurity, assuming that individual insecurity depends on the current wealth level and its variations experienced in the past. The first component plays the role of a buffer stock to rely on in case of an adverse future event. The second component determines the confidence an individual has on her ability to overcome a loss in the future. Two classes of linear measures are characterized with sets of plausible and intuitive axioms and, for each of these classes, an important subclass is identified.
Permalink :	http://hdl.handle.net/10993/12922
DOI :	10.1111/iere.12026

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