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Job Insecurity Perceptions and Media Coverage of Labor Market Policy

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  • Marcel Garz

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Abstract

This study employs a panel data set that combines information obtained from media content analysis, micro-level survey data, and macroeconomic variables to investigate the impact of media coverage on individual perceptions of job insecurity in Germany. Estimates indicate that these perceptions increase in years with greater quantity of news reporting. This volume effect is larger for socio-demographic groups with a generally low incidence of insecurity perceptions (e.g., highly educated and remunerated employees), which implies that unequally distributed perceptions converge when media coverage is strong. Moreover, the results suggest that information processing is subject to an optimism bias. Copyright Springer Science+Business Media, LLC 2012

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File URL: http://hdl.handle.net/10.1007/s12122-012-9146-9
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Bibliographic Info

Article provided by Springer in its journal Journal of Labor Research.

Volume (Year): 33 (2012)
Issue (Month): 4 (December)
Pages: 528-544

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Handle: RePEc:spr:jlabre:v:33:y:2012:i:4:p:528-544

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Web page: http://www.springer.com/economics/journal/12122

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Related research

Keywords: Job insecurity; Perceptions; Labor market policy; Media effects;

References

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  9. Green, Francis & Felstead, Alan & Burchell, Brendan, 2000. " Job Insecurity and the Difficulty of Regaining Employment: An Empirical Study of Unemployment Expectations," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 62(0), pages 855-83, Special I.
  10. Geishecker, Ingo & Riedl, Maximilian, 2012. "Ordered response models and non-random personality traits: Monte Carlo simulations and a practical guide," Center for European, Governance and Economic Development Research Discussion Papers 116, University of Goettingen, Department of Economics.
  11. Christopher D Carroll, 2002. "Macroeconomic Expectations of Households and Professional Forecasters," Economics Working Paper Archive 477, The Johns Hopkins University,Department of Economics.
  12. Melvin Stephens, 2004. "Job Loss Expectations, Realizations, and Household Consumption Behavior," The Review of Economics and Statistics, MIT Press, vol. 86(1), pages 253-269, February.
  13. Baetschmann, Gregori & Staub, Kevin & Winkelmann, Rainer, 2011. "Consistent Estimation of the Fixed Effects Ordered Logit Model," IZA Discussion Papers 5443, Institute for the Study of Labor (IZA).
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