, Volume 33, Issue 4, pp 528-544
Date: 06 Jun 2012

Job Insecurity Perceptions and Media Coverage of Labor Market Policy

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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.

I thank Ulrich Fritsche, Juliane Lischka, and Armin Rott for their helpful comments and suggestions.