Multidimensional measures of economic insecurity in Spain: the role of aggregation and weighting methods

• Olga Cantó ^[1] ; Carmelo García Pérez ^[1] ; Marina Romaguera de la Cruz ^[2]
  1. [1] Universidad de Alcalá

     Universidad de Alcalá

     Alcalá de Henares, España

     
  2. [2] Universidad Nebrija

     Universidad Nebrija

     Madrid, España

     
• Localización: Hacienda Pública Española / Review of Public Economics, ISSN 0210-1173, Nº 238, 2021, págs. 29-60
• Idioma: inglés
• Títulos paralelos:
  • Medidas multidimensionales de la inseguridad económica en España: el papel de los métodos de agregación y ponderación
• Enlaces
  • Texto Completo Ejemplar
• Dialnet Métricas: 1 Cita
• Resumen
  • español

    La inseguridad económica es una dimensión relevante del bienestar. La limitada disponibilidad de encuestas de expectativas subjetivas hace que los índices de inseguridad multidimensional basados en encuestas de condiciones de vida sean una herramienta valiosa.

    alternativa. Estudiamos las diferencias en indicadores sintéticos de inseguridad para España utilizando diferentes métodos para dimensiones de agregado y peso. Mostramos que su evolución y distribución es robusta a la agregación procedimiento, aunque los niveles difieren. Todos los procedimientos presentan fortalezas y debilidades pero el conteo El enfoque tiene una interpretación económica directa y puede capturar mejor la inseguridad en las clases medias.

    Otros métodos de agregación son menos transparentes y dan más relevancia a situaciones extremas.

  • English

    Economic 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.

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