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Table 2 Summary of the effects

From: Getting stable: an evaluation of the incentives for permanent contracts in Italy

  All eligibles Men < 30 Women < 30 Women ≥ 30
Counterfactual conversion rate from fixed-term to permanent during period III 0.0157 0.0175 0.0167 0.0145
Policy effect in period III 0.0130 0.0162 0.0107 0.0124
Counterfactual number of conversions during period III 1,395 402 307 684
Policy effect in number of conversions during period III 1,156 372 197 589
Policy effect/counterfactual rate 83% 92% 64% 86%
% full time on total conversions in period III 62% 84% 56% 50%
Average incentive (euro) 9,693 11,047 9,345 9,007
Full cost per increased conversion (euro) 21,392 23,008 23,889 19,472
  1. Note: the number of conversions is calculated as the estimated probability times the number of fixed-term contracts active in Period III. The second column does not precisely sum up the following three because the estimate of the effect comes from the aggregate model (Table 1, col. (1)). The average cost of a conversion is calculated assuming that all part-time are at half time.