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Table 14 Yearly transitions from permanent employment to different labour market states, age group-specific effects of the crisis

From: Labour market dynamics and worker heterogeneity during the Great Recession – Evidence from Europe

 

PermE

TempE

U

Age 15-24

-0.0785c

0.0415c

0.0142c

 

(0.0056)

(0.0044)

(0.0039)

Age 25-34

-0.0345c

0.0154c

0.0075c

 

(0.0025)

(0.0013)

(0.002)

Age 35-54

Reference category

Reference category

Reference category

Age 55-65

-0.1104c

-0.0071a

0.0050

 

(0.0136)

(0.0037)

(0.0043)

Crisis indicator

-0.0014

-0.0056a

0.0106c

 

(0.0036)

(0.003)

(0.0016)

Crisis*Age 15-24

-0.01c

0.0043

0.0036

 

(0.0034)

(0.0027)

(0.0023)

Crisis*Age 25-34

0.0014

-0.0010

-0.0008

 

(0.0026)

(0.0018)

(0.001)

Crisis*Age 55-65

0.0035

-0.0018

-0.0034b

 

(0.003)

(0.0023)

(0.0016)

Other individual covariates

included

included

included

Occupation dummies

included

included

included

Country dummies

included

included

included

Pseudo-R-squared

0.0924

  

Observations

402,731

  
  1. EU-SILC, own calculations. No data available for Denmark and the United Kingdom. Multinomial logit model. a/b/c: statistically significant at least at the 10%-/5%-/1%-level. Transitions take place between the following labour market states: Permanent employment (PermE), temporary employment, (TempE) unemployment (U), self-employment (S), education (Ed) and inactivity (I); only estimates for the first three categories are presented. – Robust standard errors clustered at country level in parentheses