Edited by Conchita D’Ambrosio
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.
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