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Table 5 Yearly transitions from employment to different labour market states, skill group-specificeffects of the crisis

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

 

E

U

Low skilled (ISCED 0-2)

-0.0174c

0.0097c

 

(0.0026)

(0.0016)

Medium skilled (ISCED 3-4)

Reference category

Reference category

High skilled (ISCED 5)

0.0106c

-0.0047c

 

(0.0023)

(0.001)

Crisis indicator

-0.0113c

0.0118c

 

(0.0027)

(0.0014)

Crisis*Low skilled

0,0017

0,0010

 

(0.0027)

(0.0034)

Crisis*High skilled

-0,0023

0,0015

 

(0.0024)

(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. Multinominal 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 country level in parentheses