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Economic insecurity: theoretical approaches

In: Handbook of Research on Economic and Social Well-Being

Author

Listed:
  • Nicholas Rohde
  • Kam Ki Tang

Abstract

Research on economic insecurity has been largely neglected by the literature up until recently, partly due to its highly subjective and idiosyncratic nature, and partly due to the fact that it deals with unobservable forward-looking expectations. These underlying issues make objective and comprehensive measurement difficult, and a commonly accepted framework for the analysis of economic insecurity is yet to be established. This chapter aims at focusing on the discussion of some of the generally agreed-upon issues around the measurement of economic insecurity, by providing a notion of this concept in the context of welfare analysis and introducing different approaches to its measurement. Final remarks stress that current measurement techniques are still exploratory rather than definitive.

Suggested Citation

  • Nicholas Rohde & Kam Ki Tang, 2018. "Economic insecurity: theoretical approaches," Chapters, in: Conchita D’Ambrosio (ed.), Handbook of Research on Economic and Social Well-Being, chapter 13, pages 300-315, Edward Elgar Publishing.
  • Handle: RePEc:elg:eechap:15128_13
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    Citations

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    Cited by:

    1. Panarello, Demetrio, 2021. "Economic insecurity, conservatism, and the crisis of environmentalism: 30 years of evidence," Socio-Economic Planning Sciences, Elsevier, vol. 73(C).
    2. Conchita D’Ambrosio & Andrew E. Clark & Rémi Yin, 2023. "Economic Insecurity and Health," Hacienda Pública Española / Review of Public Economics, IEF, vol. 247(4), pages 69-89, December.
    3. Cantó, Olga & García-Pérez, Carmelo & Romaguera-de-la-Cruz, Marina, 2020. "The dimension, nature and distribution of economic insecurity in European countries: A multidimensional approach," Economic Systems, Elsevier, vol. 44(3).
    4. Olga Cantó & Carmelo García Pérez & Marina Romaguera de la Cruz, 2023. "The Role of Tax-Benefit Systems in Shaping Economic Insecurity in the European Union," Hacienda Pública Española / Review of Public Economics, IEF, vol. 247(4), pages 7-36, December.
    5. Olga Cantó & Carmelo García-Pérez & Marina Romaguera de la Cruz, 2021. "Multidimensional Measures of Economic Insecurity in Spain: The Role of Aggregation and Weighting Methods," Hacienda Pública Española / Review of Public Economics, IEF, vol. 238(3), pages 29-60, September.

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