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Economic Insecurity and Social Stratification

Economic insecurity describes the risk of economic loss faced by workers and households as they encounter the unpredictable events of social life. Our review suggests a four-part framework for studying the distribution and trends in these economic risks. First, a focus on households rather than work... Full description

Journal Title: Annual review of sociology 2012, Vol.38 (1), p.341-359
Main Author: WESTERN, Bruce
Other Authors: BLOOME, Deirdre , SOSNAUD, Benjamin , TACH, Laura
Format: Electronic Article Electronic Article
Language: English
Subjects:
Quelle: Alma/SFX Local Collection
Publisher: Palo Alto, CA: Annual Reviews
ID: ISSN: 0360-0572
Link: http://pascal-francis.inist.fr/vibad/index.php?action=getRecordDetail&idt=26408523
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recordid: cdi_proquest_miscellaneous_1317584192
title: Economic Insecurity and Social Stratification
format: Article
creator:
  • WESTERN, Bruce
  • BLOOME, Deirdre
  • SOSNAUD, Benjamin
  • TACH, Laura
subjects:
  • Differentiation and Stratification
  • Economic conditions
  • Economic Development
  • Economic Policy
  • Economic research
  • Economic sociology
  • Employment
  • Health insurance
  • Household income
  • Households
  • Income
  • Income inequality
  • Inequality
  • Labor markets
  • Low Income Groups
  • Management
  • Personal income
  • Poverty
  • Risk
  • Social aspects
  • Social classes
  • Social Stratification
  • Socioeconomic factors
  • Sociology
  • Sociology of economy and development
  • Standard of living. Income
  • Unemployment
  • Well Being
  • Workers
ispartof: Annual review of sociology, 2012, Vol.38 (1), p.341-359
description: Economic insecurity describes the risk of economic loss faced by workers and households as they encounter the unpredictable events of social life. Our review suggests a four-part framework for studying the distribution and trends in these economic risks. First, a focus on households rather than workers captures the microlevel risk pooling that can smooth income flows and stabilize economic well-being. Second, insecurity is related to income volatility and the risk of downward mobility into poverty. Third, adverse events such as unemployment, family dissolution, or poor health commonly trigger income losses. Fourth, the effects of adverse events are mitigated by insurance relationships provided by government programs, employer benefits, and the informal support of families. Empirical research in these areas reveals high levels of economic insecurity among low-income households and suggests an increase in economic insecurity with the growth in economic inequality in the United States.
language: eng
source: Alma/SFX Local Collection
identifier: ISSN: 0360-0572
fulltext: fulltext
issn:
  • 0360-0572
  • 1545-2115
url: Link


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descriptionEconomic insecurity describes the risk of economic loss faced by workers and households as they encounter the unpredictable events of social life. Our review suggests a four-part framework for studying the distribution and trends in these economic risks. First, a focus on households rather than workers captures the microlevel risk pooling that can smooth income flows and stabilize economic well-being. Second, insecurity is related to income volatility and the risk of downward mobility into poverty. Third, adverse events such as unemployment, family dissolution, or poor health commonly trigger income losses. Fourth, the effects of adverse events are mitigated by insurance relationships provided by government programs, employer benefits, and the informal support of families. Empirical research in these areas reveals high levels of economic insecurity among low-income households and suggests an increase in economic insecurity with the growth in economic inequality in the United States.
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subjectDifferentiation and Stratification ; Economic conditions ; Economic Development ; Economic Policy ; Economic research ; Economic sociology ; Employment ; Health insurance ; Household income ; Households ; Income ; Income inequality ; Inequality ; Labor markets ; Low Income Groups ; Management ; Personal income ; Poverty ; Risk ; Social aspects ; Social classes ; Social Stratification ; Socioeconomic factors ; Sociology ; Sociology of economy and development ; Standard of living. Income ; Unemployment ; Well Being ; Workers
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abstractEconomic insecurity describes the risk of economic loss faced by workers and households as they encounter the unpredictable events of social life. Our review suggests a four-part framework for studying the distribution and trends in these economic risks. First, a focus on households rather than workers captures the microlevel risk pooling that can smooth income flows and stabilize economic well-being. Second, insecurity is related to income volatility and the risk of downward mobility into poverty. Third, adverse events such as unemployment, family dissolution, or poor health commonly trigger income losses. Fourth, the effects of adverse events are mitigated by insurance relationships provided by government programs, employer benefits, and the informal support of families. Empirical research in these areas reveals high levels of economic insecurity among low-income households and suggests an increase in economic insecurity with the growth in economic inequality in the United States.
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pubAnnual Reviews
doi10.1146/annurev-soc-071811-145434