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

IZA Journal of European Labor Studies

Table 19 Yearly transitions from unemployment to different labour market states (detailed employment states), age group-specific effects of the crisis

	U	PermE	TempE
Age 15-24	-0.099^c	0.0288^c	0.0703^c
	(0.0296)	(0.0085)	(0.0116)
Age 25-34	-0.0645^c	0.0293^c	0.0467^c
	(0.0182)	(0.0065)	(0.0078)
Age 35-54	Reference category	Reference category	Reference category
Age 55-65	0.0204	-0.0659^c	-0.1138^c
	(0.0205)	(0.006)	(0.0159)
Crisis indicator	0.0404	-0.0202^c	-0.0102
	(0.0367)	(0.006)	(0.0151)
Crisis^*Age 15-24	0.0051	-0.0060	-0.0124
	(0.0192)	(0.0061)	(0.011)
Crisis^*Age 25-34	0.0153	-0.0040	-0.0070
	(0.0114)	(0.0075)	(0.0064)
Crisis^*Age 55-65	0.0086	-0.0001	-0.0124
	(0.0247)	(0.0144)	(0.0169)
Other individual covariates	included	included	included
Country dummies	included	included	included
Year dummies	included	included	included
Pseudo-R-squared	0.0845
Observations	65,872

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