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Table 5 Decomposition results for changes in transition rates

From: Changes in labour market transitions in Ireland over the Great Recession: what role for policy?

  Employment to unemployment Unemployment to employment
Overall difference 0.0311 −0.0921
Endowment effect −0.0103 0.0277
Coefficient effect: 0.0325 −0.1052
Of which:   
Observables 0.0105 0.0358
Constant 0.0220 −0.1410
Interaction effect 0.0089 −0.0146
  1. Note: The decomposition is one for binary dependent variables proposed by Yun (2004). The analysis uses pooled data for 2006 and 2011 and 2006 is the base year in both decompositions.