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New Measures of Economic Insecurity Reveal its Expansion Into EU Middle Classes and Welfare States
[journal article]
Abstract Economic instability, social changes, and new social policies place economic insecurity high on the scholarly and political agenda. We contribute to these debates by proposing a new multidimensional, intertemporal measure of economic insecurity that accounts for both its multiplicity and its dynamis... view more
Economic instability, social changes, and new social policies place economic insecurity high on the scholarly and political agenda. We contribute to these debates by proposing a new multidimensional, intertemporal measure of economic insecurity that accounts for both its multiplicity and its dynamism. First, we develop three theory-driven, multidimensional measures of economic insecurity. Principal Components Analysis validates the measure. Second, we develop a dynamic approach to insecurity, using longitudinal data and a newly revised headcount method. Third, we then use our new measures to analyze the distribution of insecurity in Europe. Our analysis shows that insecurity is widespread across Europe, even in low-inequality, encompassing welfare states. Moreover, it extends across income groups and occupational classes, reaching into the middle classes.... view less
Keywords
inequality; poverty; middle class; welfare state; financial situation; measurement; Europe
Classification
General Sociology, Basic Research, General Concepts and History of Sociology, Sociological Theories
Social Problems
Methods and Techniques of Data Collection and Data Analysis, Statistical Methods, Computer Methods
Free Keywords
Insecurity; EU Statistics of Income and Living Conditions (EU-SILC)
Document language
English
Publication Year
2021
Page/Pages
p. 539-562
Journal
Social Indicators Research, 158 (2021) 2
DOI
https://doi.org/10.1007/s11205-021-02709-4
ISSN
1573-0921
Status
Published Version; peer reviewed