Interest in the study of economic insecurity has grown in recent years. However, the ongoing debate about how to measure it remains unresolved. On the assumption that economic insecurity is related both to the forward-looking perception of future outcomes based on past experience and to the perception of one’s own situation compared to others in the present, we propose a class of objective individual composite inter-temporal indices of economic insecurity. The indices are obtained by combining two components, one longitudinal and one cross-sectional. In order to combine the two components, we propose a novel method that takes advantage of the availability of subjective self-assessments of one’s own economic conditions. The composite inter-temporal index is applied to the European Union-Statistics on Income and Living Conditions (EU-SILC) Longitudinal Dataset, encompassing a selection of European countries. Our analysis shows that the proposed class provides new insights into individual perceptions of well-being that are not captured by poverty and inequality measures. It also provides individual measures that can be used to study the relationship between economic insecurity and other phenomena.
Gallo, A., Pacei, S., Ferrante, M.R. (In stampa/Attività in corso). A Composite Inter-Temporal Economic Insecurity Index. SOCIAL INDICATORS RESEARCH, _, 1-27 [10.1007/s11205-024-03356-1].
A Composite Inter-Temporal Economic Insecurity Index
Gallo, Alessandro;Pacei, Silvia
;Ferrante, Maria Rosaria
In corso di stampa
Abstract
Interest in the study of economic insecurity has grown in recent years. However, the ongoing debate about how to measure it remains unresolved. On the assumption that economic insecurity is related both to the forward-looking perception of future outcomes based on past experience and to the perception of one’s own situation compared to others in the present, we propose a class of objective individual composite inter-temporal indices of economic insecurity. The indices are obtained by combining two components, one longitudinal and one cross-sectional. In order to combine the two components, we propose a novel method that takes advantage of the availability of subjective self-assessments of one’s own economic conditions. The composite inter-temporal index is applied to the European Union-Statistics on Income and Living Conditions (EU-SILC) Longitudinal Dataset, encompassing a selection of European countries. Our analysis shows that the proposed class provides new insights into individual perceptions of well-being that are not captured by poverty and inequality measures. It also provides individual measures that can be used to study the relationship between economic insecurity and other phenomena.File | Dimensione | Formato | |
---|---|---|---|
s11205-024-03356-1.pdf
accesso aperto
Tipo:
Versione (PDF) editoriale
Licenza:
Licenza per Accesso Aperto. Creative Commons Attribuzione (CCBY)
Dimensione
2.14 MB
Formato
Adobe PDF
|
2.14 MB | Adobe PDF | Visualizza/Apri |
I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.