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

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

  E U
Age 15-24 -0.0489c 0.0188c
  (0.0043) (0.0029)
Age 25-34 -0.0203c 0.0098c
  (0.0036) (0.0027)
Age 35-54 Reference category Reference category
Age 55-65 -0.0992c 0.0006
  (0.0164) (0.0028)
Crisis indicator -0.0099c 0.0119c
  (0.0023) (0.0021)
Crisis*Age 15-24 -0.0077 0.0049b
  (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  
  1. 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