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Job loss fears and (extreme) party identification: First evidence from panel data

Author

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  • Geishecker, Ingo
  • Siedler, Thomas
Abstract
There is a large body of literature analyzing the relationship between objective economic conditions and voting behavior, but there is very little evidence of how perceived economic insecurity impacts on political preferences. Using seventeen years of household panel data from the German Socio-Economic Panel, we examine whether job loss fears impact on individuals' party identification. Consistent with rational choice theory, we find strong and robust evidence that job loss fears foster affinity for parties at the far right-wing of the political spectrum. However, our empirical estimates do not suggest that job loss fears result in people withdrawing their support from political parties altogether.

Suggested Citation

  • Geishecker, Ingo & Siedler, Thomas, 2011. "Job loss fears and (extreme) party identification: First evidence from panel data," University of Göttingen Working Papers in Economics 129, University of Goettingen, Department of Economics.
    • Handle: RePEc:zbw:cegedp:129
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    References listed on IDEAS

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    Cited by:

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    2. Seuring, Till & Serneels, Pieter & Suhrcke, Marc, 2019. "The impact of diabetes on labour market outcomes in Mexico: A panel data and biomarker analysis," Social Science & Medicine, Elsevier, vol. 233(C), pages 252-261.
    3. Győző Gyöngyösi & Emil Verner, 2022. "Financial Crisis, Creditor‐Debtor Conflict, and Populism," Journal of Finance, American Finance Association, vol. 77(4), pages 2471-2523, August.

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    More about this item

    Keywords

    Job insecurity; party identification; prospective voting; economic worries;
    All these keywords.

    JEL classification:

    • J01 - Labor and Demographic Economics - - General - - - Labor Economics: General
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models

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