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Measuring economic insecurity by combining income and wealth: an extended well-being approach

dc.contributor.authorPetrov, Dmitry
dc.contributor.authorRomaguera de la Cruz, Marina
dc.date.accessioned2024-12-16T11:54:44Z
dc.date.available2024-12-16T11:54:44Z
dc.date.issued2024-03-12
dc.descriptionLa versión registrada de este artículo, publicado por primera vez en Review of Economics of the Household (2024), está disponible en línea en el sitio web del editor: https://doi.org/10.1007/s11150-024-09700-1. The recorded version of this article, first published in Review of Economics of the Household (2024), is available online at the publisher's website: https://doi.org/10.1007/s11150-024-09700-1
dc.description.abstractIn this paper, we propose the use of an extended well-being approach to assess economic insecurity. Our main purpose is to study its dimension and identify its main drivers in the United States by overcoming the dichotomy between income and wealth. To this end, we approximate an extended well-being measure that includes monetary resources from income and the potential stream from wealth, which can be understood as an emergency reserve to cope with future economic difficulties but could also be a source of financial distress due to fluctuations in asset holdings and prices. We find that economic insecurity levels are larger when considering our extended well-being variable than income alone. Household income and non-liquid assets appear to be the main drivers of economic insecurity, although part of the US population was able to obtain higher returns on non-liquid assets and maintain their income levels.en
dc.description.versionversión final
dc.identifier.citationPetrov, D., Romaguera-de-la-Cruz, M. Measuring economic insecurity by combining income and wealth: an extended well-being approach. Rev Econ Household (2024). https://doi.org/10.1007/s11150-024-09700-1
dc.identifier.doihttps://doi.org/10.1007/s11150-024-09700-1
dc.identifier.issn1569-5239; e.ISSN: 1573-7152
dc.identifier.urihttps://hdl.handle.net/20.500.14468/24912
dc.journal.titleReview of Economics of the Household
dc.language.isoen
dc.publisherSpringer Nature
dc.relation.centerFacultades y escuelas::Facultad de Derecho
dc.relation.departmentEconomía Aplicada y Gestión Pública
dc.relation.isreferencedbyhttps://doi.org/10.21950/4W4SN5
dc.rightsinfo:eu-repo/semantics/openAccess
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/deed.es
dc.subject56 Ciencias Jurídicas y Derecho
dc.subject53 Ciencias Económicas
dc.subject.keywordsincomeen
dc.subject.keywordswealthen
dc.subject.keywordseconomic insecurityen
dc.subject.keywordsobjective risken
dc.subject.keywordsPSIDen
dc.titleMeasuring economic insecurity by combining income and wealth: an extended well-being approachen
dc.typeartículoes
dc.typejournal articleen
dspace.entity.typePublication
person.familyNameRomaguera de la Cruz
person.givenNameMarina
person.identifier.orcid0000-0001-9531-0391
relation.isAuthorOfPublication120a55e7-376a-4e5f-a730-c2ea63b5c47b
relation.isAuthorOfPublication.latestForDiscovery120a55e7-376a-4e5f-a730-c2ea63b5c47b
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