Reference : Measuring Economic Insecurity
Scientific journals : Article
Business & economic sciences : Social economics
Measuring Economic Insecurity
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) >]
Bossert, Walter [Université de Montréal - UdeM]
International Economic Review
Blackwell Publishing
Yes (verified by ORBilu)
[en] Insecurity ; Wealth Streams ; Economic Index Numbers
[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.

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