Job Loss Fears and (Extreme) Party Identification: First Evidence from Panel Data
Center for European Governance and Economic Development Research Discussion Paper Number 129
38 Pages Posted: 4 Jul 2012
Date Written: October 1, 2011
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 send 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.
Keywords: Job insecurity, party identifcation, prospective voting, economic worries
JEL Classification: J01, C23
Suggested Citation: Suggested Citation