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Economic performance, job insecurity and electoral choice

By: MUGHAN, Anthony.
Contributor(s): LACY, Dean.
Material type: materialTypeLabelArticlePublisher: 2002British Journal of Political Science 32, 3, p. 513-533Abstract: The existing literature on economic voting concentrates on egocentric and sociotropic evaluations of short-term economic performance. Scant attention is paid to other economic concerns people may have. In a neo-liberal economy characterized by global economic competition and a down-sized labour market, one widely-publicized economic concern - and one whose consequences political scientists have largely ignored - is job insecurity. Data from a survey conducted after the 1996 US presidential election show that job insecurity is a novel form of economic discontent that is distinctive in its origins and electoral impact from retrospective evaluations of short-term economic performance. In a multinomial probit model of electoral choice, performance measures offer little explanation of the Perot vote, but sociotropic job insecurity helps to explain why Americans rejected both major-party candidates, as well as abstention, in favour of the third-party alternative, Ross Perot
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Periódico Biblioteca Graciliano Ramos
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The existing literature on economic voting concentrates on egocentric and sociotropic evaluations of short-term economic performance. Scant attention is paid to other economic concerns people may have. In a neo-liberal economy characterized by global economic competition and a down-sized labour market, one widely-publicized economic concern - and one whose consequences political scientists have largely ignored - is job insecurity. Data from a survey conducted after the 1996 US presidential election show that job insecurity is a novel form of economic discontent that is distinctive in its origins and electoral impact from retrospective evaluations of short-term economic performance. In a multinomial probit model of electoral choice, performance measures offer little explanation of the Perot vote, but sociotropic job insecurity helps to explain why Americans rejected both major-party candidates, as well as abstention, in favour of the third-party alternative, Ross Perot

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