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Economic insecurity in Europe and potential policy responses

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  • OECD

Abstract

Over the past few decades, economies and technologies have shifted in ways that have made people’s economic prospects more uncertain. This Policy Insights highlights the main findings from On Shaky Ground? Income Instability and Economic Insecurity in Europe, the inaugural report of the OECD Observatory on Social Mobility and Equal Opportunity. It utilises novel techniques to identify the economically insecure, those most vulnerable to income fluctuations, in European OECD countries, and explores the link between income fluctuations, social mobility, and income inequality. It also recommends a range of policies aimed at enhancing social protection timeliness to better support those with highly volatile incomes and at building financial buffers for individuals at risk of economic insecurity.

Suggested Citation

  • Oecd, 2023. "Economic insecurity in Europe and potential policy responses," OECD Policy Insights on Well-being, Inclusion and Equal Opportunity 14, OECD Publishing.
    • Handle: RePEc:oec:wiseab:14-en
    DOI: 10.1787/4323bb60-en
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    More about this item

    Keywords

    economic insecurity; income instability; inequality; social mobility;
    All these keywords.

    JEL classification:

    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • I3 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement

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