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

IZA Journal of European Labor Studies

Table 8 Yearly transitions from unemployment to different labour market states, age group effects of the crisis

	U	E
Age 15-24	-0.1039^c	0.1099^c
	(0.028)	(0.0154)
Age 25-34	-0.0683^c	0.0829^c
	(0.0174)	(0.0112)
Age 35-54	Reference category	Reference category
Age 55-65	0.0227	-0.1872^c
	(0.0218)	(0.0225)
Crisis indicator	0.0390	-0.031^a
	(0.0326)	(0.0174)
Crisis^*Age 15-24	0.0005	-0.0193
	(0.0191)	(0.0127)
Crisis^*Age 25-34	0.0175	-0.0163^b
	(0.0116)	(0.0071)
Crisis^*Age 55-65	0.0091	-0.0049
	(0.0215)	(0.019)
Other individual covariates	included	included
Country dummies	included	included
Year dummies	included	included
Pseudo-R-squared	0.0862
Observations	69,281

EU-SILC, own calculations. 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: employment (E), 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