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Uncertainty and robustness in composite indices rankings

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Measuring economic insecurity

Bossert, Walter; D'Ambrosio, Conchita - 2013

We provide an axiomatic treatment of the measurement of economic insecurity, assuming that individual insecurity depends on the current wealth level and its variations experienced in the past. The first component plays the role of a buffer stock to rely on in case of an adverse future event. The...