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Table 16 Yearly transitions from permanent employment to different labour market states, skill group-specific effects of the crisis

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

 

PermE

TempE

U

Low skilled ISCED 0-2

-0.021c

0.0064b

0.0075c

 

(0.0025)

(0.0026)

(0.0019)

Medium skilled ISCED 3-4

Reference category

Reference category

Reference category

High skilled ISCED 5

0.0048a

0.0029b

-0.0025

 

(0.0025)

(0.0013)

(0.0017)

Crisis indicator

-0.0041a

-0.0031a

0.0109c

 

(0.0024)

(0.0017)

(0.0015)

Crisis*Low skilled

0.0054a

-0.0046

-0.0012

 

(0.0032)

(0.0037)

(0.0025)

Crisis*High skilled

0.0030

-0.0046

-0.0009

 

(0.0019)

(0.0029)

(0.0035)

Other individual covariates

included

included

included

Occupation dummies

included

included

included

Country dummies

included

included

included

Pseudo-R-squared

0.0925

  

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