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Table 9 Yearly transitions from unemployment to different labour market states, skill group-specific effects of the crisis

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

 

U

E

Low skilled (ISCED 0-2)

0.0555c

-0.0749c

 

(0.0204)

(0.0153)

Medium skilled (ISCED 3-4)

Reference category

Reference category

High skilled (ISCED 5)

-0.077c

0.0767c

 

(0.0139)

(0.0124)

Crisis indicator

0.0246

-0.0395c

 

(0.0217)

(0.0129)

Crisis*Low skilled

0.0320

0.0065

 

(0.0315)

(0.0199)

Crisis*High skilled

0.0483b

-0.0178

 

(0.0206)

(0.0135)

Other individual covariates

included

included

Country dummies

included

included

Year dummies

included

included

Pseudo-R-squared

0.0864

 

Observations

69,281

 
  1. 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