Table 6 Double threshold model - industry employment to population
From: Using state level employment thresholds to explain Okun’s Law
Total | Gov’t | Financial | Services | Const. | Natural | Manuf. | Education | Leisure | Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
q it ≤ γ1 | -0.334*** | -0.402*** | -0.219*** | -0.303*** | -0.606*** | -0.496*** | -0.281*** | -0.366*** | -0.351*** | -0.342*** |
(-61.66) | (-63.56) | (-19.19) | (-44.66) | (-50.45) | (-64.17) | (-48.47) | (-47.32) | (-53.77) | (-57.81) | |
γ1 < q it ≤ γ2 | -0.477*** | -0.362*** | -0.350*** | -0.363*** | -0.378*** | -0.316*** | -0.454*** | -0.247*** | -0.416*** | -0.432*** |
(-35.49) | (-54.51) | (-66.67) | (-60.31) | (-50.16) | (-53.64) | (-55.21) | (-24.32) | (-57.65) | (-38.79) | |
q it > γ2 | -0.337*** | -0.190*** | -0.432*** | -0.459*** | -0.286*** | -0.246*** | -0.387*** | -0.375*** | -0.246*** | -0.324*** |
(-39.92) | (-18.86) | (-46.76) | (-33.18) | (-54.25) | (-29.57) | (-42.84) | (-63.25) | (-27.79) | (-41.66) | |
Constant | 0.0522*** | 0.0523*** | 0.0523*** | 0.0524*** | 0.0517*** | 0.0522*** | 0.0522*** | 0.0522*** | 0.0522*** | 0.0522*** |
(325.24) | (336.73) | (332.77) | (329.04) | (338.82) | (343.26) | (334.72) | (328.22) | (331.72) | (324.04) | |
R 2 | 0.607 | 0.625 | 0.616 | 0.608 | 0.646 | 0.642 | 0.625 | 0.609 | 0.617 | 0.604 |
N | 4450 | 4450 | 4450 | 4450 | 4450 | 4450 | 4450 | 4450 | 4450 | 4450 |
F-Stat | 58.78 | 20.18 | 54.30 | 39.85 | 98.69 | 46.82 | 29.59 | 64.06 | 44.20 | 48.52 |
P-value | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 |
γ 1 | 43.44 | 7.311 | 1.896 | 4.856 | 1.639 | 0.109 | 3.551 | 5.148 | 4.080 | 8.105 |
γ 2 | 44.61 | 8.811 | 2.675 | 6.120 | 1.896 | 0.606 | 4.921 | 5.509 | 5.326 | 8.571 |
Percentile 1 | 0.340 | 0.353 | 0.115 | 0.533 | 0.103 | 0.276 | 0.231 | 0.422 | 0.449 | 0.192 |
Percentile 2 | 0.455 | 0.809 | 0.618 | 0.863 | 0.285 | 0.688 | 0.431 | 0.539 | 0.895 | 0.334 |