Abstract

http://ssrn.com/abstract=2019851
 
 

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Does More Unemployment Cause More Fear of Unemployment?


Vladimir Gimpelson


National Research University Higher School of Economics; Institute for the Study of Labor (IZA)

Aleksey Y. Oshchepkov


National Research University Higher School of Economics

February 21, 2012

Higher School of Economics Research Paper No. WP BRP 13/EC/2012

Abstract:     
Using the Russian Longitudinal Monitoring Survey data, the paper examines Russian workers' fear of unemployment under different economic and labor market conditions during the last 15 years. We employ two alternative measures for this fear. The first one looks at the workers’ fear of losing their current jobs, while the second deals with the fear of not finding relevant re-employment in case of displacement. In order to get the best possible measurement of unemployment for those local and social environments where our respondents live and work, we design unemployment rates for narrowly defined regional and demographic (peer) groups. Estimating ordered probit models for both fear measures, and controlling for various worker and job characteristics, we do not find significant causal effects of unemployment on these fears in most of our specifications. These results are robust to exclusion of potentially endogenous variables; they hold for different periods, subsamples, and levels of job security. Moreover, our simulations show that even a large increase in the unemployment rate has little impact on conditional probabilities of expressing a strong or weak fear of unemployment. These results suggest that the high level and persistence of fear of unemployment in Russia may be caused by non-economic factors.

Number of Pages in PDF File: 34

Keywords: fear of unemployment, job insecurity, Russia

JEL Classification: J28, J64, P23, P36

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Date posted: March 11, 2012  

Suggested Citation

Gimpelson, Vladimir and Oshchepkov, Aleksey Y., Does More Unemployment Cause More Fear of Unemployment? (February 21, 2012). Higher School of Economics Research Paper No. WP BRP 13/EC/2012. Available at SSRN: http://ssrn.com/abstract=2019851 or http://dx.doi.org/10.2139/ssrn.2019851

Contact Information

Vladimir Gimpelson (Contact Author)
National Research University Higher School of Economics ( email )
Myasnitskaya street, 20
Moscow, Moscow 119017
Russia

Institute for the Study of Labor (IZA)
P.O. Box 7240
Bonn, D-53072
Germany
Aleksey Y. Oshchepkov
National Research University Higher School of Economics ( email )
Myasnitskaya, 20
Moscow, 101000
Russia

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