Table 3.

Effects of objective indicators of local economic context on satisfaction with financial situation among the young (standardized coefficients from multilevel ordered probit models).

	Model (1)	Model (2)	Model (3)	Model (4)
Agree: easy to find job (individual)			0.147***	0.182***
			(0.000)	(0.000)
Agree: easy to find job (city-year)			0.092***	0.097***
			(0.000)	(0.000)
Unemployed (indiv., ref. manager)	−0.267***	−0.257***
	(0.000)	(0.000)
Unemployment rate (city-year)	−0.070**	−0.104***
	(0.005)	(0.001)
Agree: easy to find housing (indiv.)	0.153***	0.139***	0.116***	0.138***
	(0.000)	(0.000)	(0.000)	(0.000)
Agree: easy to find housing (city-year)	−0.044		0.013	−0.011
	(0.145)		(0.649)	(0.710)
Rent prices		0.046
		(0.241)
Satisfaction with services (individual)	0.225***	0.216***	0.171***	0.196***
	(0.000)	(0.000)	(0.000)	(0.000)
Satisfaction with services (city-year)	0.079***	0.083**	0.046*	0.067**
	(0.001)	(0.006)	(0.028)	(0.002)
Difficulties paying bills: never (ref.)			0.000
			(.)
Difficulties paying bills: time to time			−0.267***
			(0.000)
Difficulties paying bills: always			−0.426***
			(0.000)
Population	−0.005	−0.004	0.014	−0.030
	(0.828)	(0.886)	(0.495)	(0.160)
GDP per capita	0.063*	0.033	0.035	0.059*
	(0.043)	(0.377)	(0.224)	(0.042)
Educational inequality				0.029
(coeff. of variation)				(0.158)
Individual controls	Yes	Yes	Yes	Yes
Year dummies	Yes	Yes	Yes	Yes
Variance city-year level	0.037	0.039	0.032	0.034
N	27,193	20,742	27,634	28,361
Number of city-years	190	144	205	205
Log-likelihood	−30418.7	−23110.1	−29439.3	−31544.2
LR test	0.000	0.000	0.000	0.000

Standardized beta coefficients; p-values in parentheses, ^*p < 0.05, ^**p < 0.01, ^***p < 0.001.