Persona: Romaguera de la Cruz, Marina
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0000-0001-9531-0391
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Romaguera de la Cruz
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Marina
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Publicación The dimension, nature and distribution of economic insecurity in European countries: A multidimensional approach(Elsevier, 2020-09) Cantó, Olga; García Pérez, Carmelo; Romaguera de la Cruz, MarinaEconomic insecurity is a key well-being outcome because the anticipation of future economic distress reveals itself as a true threat to current well-being. Insecurity has been shown to affect quality of life and to change an individual’s consumption, fertility, labor supply and even political support decisions to mitigate risk. This paper provides evidence on the dimension, nature and distribution of economic insecurity for 27 European countries during a whole decade by using a multidimensional individual approach that considers both objective and subjective indicators. The young, the less educated and the unemployed living in households with dependent children have significantly higher levels of economic insecurity everywhere. However, insecurity affects the population in the middle class only in some countries but not in others, and the level of insecurity in liberal regimes is more linked to large income losses than elsewhere. The role of objective versus subjective dimensions is larger in post-transition Eastern European regimes than in long-standing capitalist countries.Publicación The role of tax-benefit systems in shaping economic insecurity in the European Union(Ministerio de Hacienda, 2023-04) Cantó, Olga; García Pérez, Carmelo; Romaguera de la Cruz, MarinaThis paper aims to understand if differences in European countries’ tax-benefit systems impact on individual levels of economic insecurity beyond their socioeconomic and demographic characteristics, with an additional focus on households with children. We consider 29 European countries and use multilevel modelling techniques to study the simultaneous role of micro and macro determinants on a multidimensional index of economic insecurity. Our results show that larger welfare systems and generous general social risk policies for unemployment, bad health and social exclusion are correlated with lower insecurity levels, also for households with children who may receive other transfers specifically targeted to them.Publicación Multidimensional measures of economic insecurity in Spain: the role of aggregation and weighting methods(Instituto de Estudios Fiscales, 2021-08) Cantó, Olga; García Pérez, Carmelo; Romaguera de la Cruz, MarinaEconomic insecurity is a relevant dimension of well-being. The limited availability of subjective expectations’ surveys makes multidimensional insecurity indices based on living conditions surveys a valuable alternative. We study differences in synthetic indicators of insecurity for Spain using different methods to aggregate and weigh dimensions. We show that its evolution and distribution is robust to the aggregation procedure, even though levels do differ. All procedures present strengths and weaknesses but the counting approach has a direct economic interpretation and can better capture insecurity in the middle classes. Other aggregation methods are less transparent and give more relevance to extreme situations.