Income Volatility/Economic Losses

Measures of income volatility/economic losses capture the experience of a reduction of financial resources (e.g., income) or inconsistently receiving financial resources.  

Measure

Source:

Parke RD, Coltrane S, Duffy S, et al. Economic stress, parenting, and child adjustment in Mexican American and European American families. Child Development. 2004;75(6):1632-1656. 

Psychometric properties:

Reports from mothers and fathers were correlated:
r = 0.32 (European American)
r = 0.52 (Mexican American)

During the last year, have you or your spouse: 

  Yes No
Changed jobs for a worse one o o
Experienced negative work changes (e.g., demotions) o o
Been laid off or dismissed o o
Had any other involuntary loss of work (e.g., reduction in hours) o o

 

Measure

Source:

Zemore SE, Mulia N, Jones-Webb RJ, et al. The 2008–2009 recession and alcohol outcomes: Differential exposure and vulnerability for Black and Latino populations. Journal of Studies on Alcohol and Drugs. 2013;74(1):9-20. 

Psychometric properties:

“All items were associated with a seven-category measure of annual household income, supporting their validity (p values < .001).” (pg 11 in Zemore, et al, 2013)

Did you or anyone in your household: 

  Yes No
Lose a job o o
Lose their housing (either owned or rented) o o
Have their hours or pay reduced at work o o
Have trouble paying the rent or mortgage o o

 

Measure

Source:

Prochnow JE, Defronzo JV. The impact of economic and parental characteristics on juvenile misconduct. Journal of Emotional and Behavioral Disorders. 1997;5(2):119-124.

Psychometric properties:

Not reported.

During the last few years, your financial situation has:

  • Got better
  • Stayed the same
  • Got worse