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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