Economic liberalisation associated with globalisation is causing a pervasive growth of economic insecurity experienced all over the world. This is placing urgent demands on policymakers to rethink old policies and institutions.

This book sets out a new approach to the assessment of income dynamics, based on identifying the diverse components of people's income and entitlements. It defines 'social income' as a broader concept of household income which includes state, community and private benefits. It shows how those components should be measured and provides a composite...