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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