This paper examines which factors make individuals support the principle of the welfare state. In addition to self-interest and belief system variables, asset-related variables and internet usage are newly included for the analysis. To address the unobserved individual heterogeneity problem in previous cross-sectional studies, this paper exploits conditional fixed-effect logit and Chamberlain’s random-effects ordered probit model using two-wave Korean Welfare Panel Study (KOWEPS) data. The empirical analysis indicates that people’s motivation for welfare support differs depending on their subjective perception of risk. In addition, it shows that psychological elements plays predominant role in the formulation of welfare attitude. Lastly, it is found that online social network promotes welfare policy while the asset inequality hinders the expansion of the welfare.