New OPHI working paper on economic vulnerability in Italy

OPHI has published a new Working Paper 70 titled  Measuring Conjoint Vulnerabilities in Italy: An Asset-Based Approach, by Adolfo Morrone. The paper uses an asset-based approach focusing on the resources that individuals and households can draw upon to reduce economic vulnerability and strengthen their resilience.

Vulnerability is a much broader concept, affecting a potentially larger share of the population than “poverty” or “social exclusion”. Many types of risk have serious financial consequences. Those with the highest net worth (total assets minus liabilities), or with the ability to borrow or access credit, are best able to continue to meet their consumption needs when confronting adverse shocks. While the poor are less likely to have the assets they need or access to insurance or credit to protect themselves against shocks, the asset-poor and the income-poor are not necessarily the same groups. The paper uses the indicators identified in the OECD report on measuring vulnerability and resilience in OECD countries to build a conjoint vulnerability index (CVI) for Italian regions.

You can read OPHI Working Paper 70 in full here.