Employment insecurity and social policy: preferences for investment vis-à-vis consumption

Figures & data

Figure 1. Preferences for social investment and social consumption.

Table 1. Risk and preferences for social investment vis-à-vis social consumption.

	(1)	(2)	(3)	(4)
	Investment	Investment	Consumption	Consumption
Unemployment experience	−0.198**	−0.250**	0.114**	0.260**
	(0.018)	(0.038)	(0.017)	(0.036)
Income	0.032**	0.028**	−0.030**	−0.020**
	(0.003)	(0.004)	(0.003)	(0.004)
Unemployment experience × Income		0.010		−0.028**
		(0.006)		(0.006)
Education	−0.004	−0.004	−0.005	−0.005
	(0.005)	(0.005)	(0.005)	(0.005)
Age	−0.006**	−0.006**	0.002*	0.002*
	(0.001)	(0.001)	(0.001)	(0.001)
Gender (male = 1)	0.036*	0.037**	−0.053**	−0.055**
	(0.016)	(0.016)	(0.016)	(0.016)
Union membership	−0.063**	−0.064**	0.017	0.018
	(0.020)	(0.020)	(0.019)	(0.019)
Constant	0.291**	0.311**	0.310**	0.256**
	(0.052)	(0.054)	(0.050)	(0.051)
Country FE	✓	✓	✓	✓
N	26,481	26,481	27,664	27,664

Note: Entries are probit estimates and standard errors are in parentheses. * p < 0.05, ** p < 0.01.

Figure 2. Predicted probabilities of support for social investment and social consumption.

Figure 3. Predicted probabilities of support for social policies (West Europe only).