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

IZA Journal of European Labor Studies

Table 20 Yearly transitions from unemployment to different labour market states (detailed employment states), skill group-specificeffects of the crisis

	U	PermE	TempE
Low skilled (ISCED 0-2)	0.0503^b	-0.0402^c	-0.0257^c
	(0.0203)	(0.0065)	(0.0097)
Medium skilled (ISCED 3-4)	Reference category	Reference category	Reference category
High skilled (ISCED 5)	-0.0797^c	0.0462^c	0.0275^a
	(0.0134)	(0.0051)	(0.0157)
Crisis indicator	0.0236	-0.0223^c	-0.0150
	(0.0232)	(0.008)	(0.0121)
Crisis^*Low skilled	0.0349	0.0128	-0.0079
	(0.0329)	(0.0123)	(0.0135)
Crisis^*High skilled	0.041^a	-0.0211^a	0.0105
	(0.0217)	(0.011)	(0.0139)
Other individual covariates	included	included	included
Country dummies	included	included	included
Year dummies	included	included	included
Pseudo-R-squared	0.0848
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