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

From: Revisiting German labour market reform effects—a panel data analysis for occupational labour markets

  Dependent variable: logM
  FE 1 FE 2 FE 3 FE 4 FE 5 FE 6
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
  1. Driscoll-Kraay standard errors in parentheses. Columns FE 2 and FE 5 include monthly time fixed effects with effect coding (reference period is January 2000), compare with Fig. 9 in the Appendix. Control variables are the share of female workers, the shares of workers at different skill levels (‘vocational training’ and ‘academic degree’, reference group is ‘without vocational training’) in each NUTS3 region and occupation, and the average age by the population by NUTS3 regions. The estimated coefficients are provided on request
  2. *** p <0.01, ** p <0.05, * p <0.1