Table 9 Fixed effects estimation results based on data set disaggregated by occupations and NUTS3 regions, all regressions without business cycle variable

β _Us

0.580***

0.623***

0.624***

0.543***

0.563***

0.582***

(0.013)

(0.009)

(0.010)

(0.016)

(0.013)

(0.014)

β _Uf

0.044***

0.071***

0.049***

(0.014)

(0.009)

(0.011)

β _Vs

0.065***

0.040***

0.045***

0.036***

0.021***

0.023***

(0.006)

(0.004)

(0.004)

(0.005)

(0.003)

(0.003)

β _Vf

0.044***

0.030***

0.034***

(0.007)

(0.004)

(0.004)

Year dummies, effect coded (reference year: 2000):

d ₂₀₀₁

-0.098***

-0.098***

(0.031)

(0.030)

d ₂₀₀₂

-0.144***

-0.136***

(0.026)

(0.026)

d ₂₀₀₃

-0.134***

-0.127***

(0.017)

(0.017)

d ₂₀₀₄

-0.122***

-0.119***

(0.019)

(0.019)

d ₂₀₀₅

-0.103***

-0.096***

(0.022)

(0.022)

d ₂₀₀₆

-0.023*

-0.016

(0.014)

(0.015)

d ₂₀₀₇

0.098***

0.101***

(0.019)

(0.019)

d ₂₀₀₈

0.172***

0.167***

(0.013)

(0.013)

d ₂₀₀₉

0.087***

0.080***

(0.015)

(0.015)

d ₂₀₁₀

0.162***

0.151***

(0.021)

(0.020)

d ₂₀₁₁

0.159***

0.150***

(0.020)

(0.020)

a

-4.533***

-1.013**

-0.963**

-4.449***

-0.948**

-0.954**

(0.633)

(0.403)

(0.417)

(0.609)

(0.405)

(0.419)

Control variables

Yes

Yes

Yes

Yes

Yes

Yes

Monthly time dummies

No

Yes

No

No

Yes

No

Quarter dummies

No

Yes

No

No

Yes

No

Observations

2,393,683

2,393,683

2,393,683

2,393,683

2,393,683

2,393,683

Number of groups

55,316

55,316

55,316

55,316

55,316

55,316

Within R-squared

0.236

0.304

0.274

0.241

0.309

0.278