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The sources of worker anxiety: evidence from the Michigan survey

  • Maria Ward Otoo
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    This paper uses individual responses from the Michigan SRC survey of consumer attitudes to examine worker anxiety. It identifies "anxious" households (those that express some concern about job security) and analyzes some factors that might be driving this angst. It found that a little more than a quarter of households revealed concerns about job security. Also, the results suggest that less-educated households (those lacking a high-school diploma) were significantly more likely to be concerned about job loss than were black or Asian households.

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    File URL: http://www.federalreserve.gov/pubs/feds/1997/199748/199748abs.html
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    File URL: http://www.federalreserve.gov/pubs/feds/1997/199748/199748pap.pdf
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    Paper provided by Board of Governors of the Federal Reserve System (U.S.) in its series Finance and Economics Discussion Series with number 1997-48.

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    Date of creation: 1997
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    Handle: RePEc:fip:fedgfe:1997-48
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    Web page: http://www.federalreserve.gov/

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    1. Dominitz, J. & Manski, C.F., 1996. "Perceptions of Economic Insecurity: Evidence from the Survey of Economic Expectations," Working papers 9614, Wisconsin Madison - Social Systems.
    2. Füsun Gönül, 1992. "New Evidence on Whether Unemployment and out of the Labor Force are Distinct States," Journal of Human Resources, University of Wisconsin Press, vol. 27(2), pages 329-361.
    3. Christopher J. Flinn & James J. Heckman, 1982. "Models for the Analysis of Labor Force Dynamics," NBER Working Papers 0857, National Bureau of Economic Research, Inc.
    4. Martin Browning & Annamaria Lusardi, 1996. "Household Saving: Micro Theories and Micro Facts," Discussion Papers 96-01, University of Copenhagen. Department of Economics.
    5. Kim B. Clark & Lawrence H. Summers, 1982. "The Dynamics of Youth Unemployment," NBER Chapters, in: The Youth Labor Market Problem: Its Nature, Causes, and Consequences, pages 199-234 National Bureau of Economic Research, Inc.
    6. Arthur B. Kennickell & Martha Starr-McCluer & Annika E. Sunden, 1997. "Family finances in the U.S.: recent evidence from the Survey of Consumer Finances," Federal Reserve Bulletin, Board of Governors of the Federal Reserve System (U.S.), issue Jan, pages 1-24.
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