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Table 4 Results of the threshold cointegration tests for the female participation rate equation

From: The impact of easy and early access to old-age benefits on exits from the labour market: a macro-micro analysis

Female participation rate (45+)
Parameter, hypotheses Pattern of adjustment
TAR M-TAR
τ 0 −0.0097 0 −0.0024
ρ 1 (above threshold) −0.185 −0.086 −0.007 0.005
(0.147) (0.114) (0.123) (0.096)
ρ 2 (below threshold) −0.116 −0.359 −0.386b −0.813c
(0.133) (0.214) (0.161) (0.201)
ρ 1 = ρ 2 0.130 1.257 3.491a 13.461b
t-Max value −0.874 −0.757 −0.058 0.048
ρ 1 = ρ 2 = 0 1.110 1.706 2.886 8.152a
  1. Standard errors reported in parentheses
  2. aSignificant at the 10% level; bsignificant at the 5% level; csignificant at the 1% level
  3. Source: authors’ calculation; data sources: LFS and Central Statistical Office Poland