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Table 4 Perceived probability of being unemployed within the next 12 months, probit model

From: Misperceptions of unemployment and individual labor market outcomes

 

All active population

Analysis sample

 

Coef.

Marg. impact

Coef.

Marg. impact

Misperception unemployment (abs value)

.007***

.002***

.011***

.003***

 

(.002)

(.000)

(.004)

(.001)

Misperc. unempl. if neg. (abs value)

−.040**

−.011**

−.024

−.005

 

(.020)

(.006)

(.048)

(.012)

Female

−.003

−.001

−.089

−.022

 

(.042)

(.012)

(.110)

(.026)

Age

.015

.004

.032

.008

 

(.012)

(.003)

(.034)

(.008)

Age sq.

−.0003*

−.00007*

−.0004

−.0001

 

(.0001)

(.00004)

(.0004)

(.0001)

Educ. upper second.

−.140**

−.039**

.111

.0274

 

(.061)

(.0171)

(.153)

(.038)

Educ. tertiary

−.385***

−.104***

−.260*

−.062*

 

(.062)

(.016)

(.157)

(.037)

Ability1

−.010

−.003

−.064

−.016

 

(.089)

(.026)

(.229)

(.059)

Ability2

−.198***

−.058***

−.071

−.018

 

(.049)

(.015)

(.126)

(.032)

Unemployed

1.646***

.586***

  
 

(.084)

(.026)

  

Open end contract

−.394***

−.119***

−.756***

−.227***

 

(.044)

(.014)

(.121)

(.041)

Const.

−.607**

 

−.649

 
 

(.255)

 

(.702)

 

Controls for country fixed effects

Yes

 

Yes

 

Obs.

13573

 

2262

 

Log L

−5415.8

 

−753.8

 
  1. Source: Computations are based on ESS (2008). Notes: The model uses ESS post-stratification weights combined with population size weights. Robust standard errors are in parenthesis. Columns 1 and 2 are computed on the active population sample (employed and unemployed respondents) in the 16 countries under analysis; columns 3 and 4 are computed on the analysis sample of employed workers. Marginal impacts are computed at the mean values and considering the change in each dummy variable from zero to one. Asterisks indicate statistically significant parameters at *10 %, **5 %, and ***1 % levels