Skip to main content

Table 13 Industry composition and sensitivity of unemployment rate to economic shock, Random effects estimates

From: Who bears the cost of the business cycle? Labor-market institutions and volatility of the youth unemployment rate

VARIABLES

ΔUEt

Δln(GDPt-1)

−37.135 (3.294)

manufacturing sector employment share

0.040 (1.522)

Δln(GDPt-1)×manufacturing sector employment share

−28.199 (107.513)

Constant

0.636 (0.346)

Observations

234

Number of countries

17

  1. Note: Standard errors are in parentheses.
Back to article page