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

IZA Journal of European Labor Studies

Table 4 Yearly transitions from employment to different labour market states, age group-specific effects of the crisis

	E	U
Age 15-24	-0.0489^c	0.0188^c
	(0.0043)	(0.0029)
Age 25-34	-0.0203^c	0.0098^c
	(0.0036)	(0.0027)
Age 35-54	Reference category	Reference category
Age 55-65	-0.0992^c	0.0006
	(0.0164)	(0.0028)
Crisis indicator	-0.0099^c	0.0119^c
	(0.0023)	(0.0021)
Crisis^*Age 15-24	-0.0077	0.0049^b
	(0.0049)	(0.0022)
Crisis^*Age 25-34	-0.0022	0.0000
	(0.0021)	(0.0012)
Crisis^*Age 55-65	-0.0009	-0.0027
	(0.0042)	(0.002)
Other individualcovariates	included	included
Occupation dummies	included	included
Country dummies	included	included
Pseudo-R-squared	0.1095
Observations	578,331

EU-SILC, own calculations. Multinomial logit model. ^a/^b/^c: statistically significant at least at the 10%-/5%-/1%-level. – The model includes transitions between the following labour market states: employment (E) (i.e. persons remaining in employment), unemployment (U), self-employment (S), education (Ed) and inactivity (I); only the first two are presented. – Robust standard errors clustered at the country level in parentheses