Do non-wage cost rigidities slow down employment? Evidence from Turkey

Table 5 Placebo test results for the DDD estimation

	(1)	(2)	(3)	(4)	(5)	(6)
	Hiring	UE	NE	Separation	EU	EN
*Year-quarter specific policy effect*
DDD _{Q 3-06}	-0.009	-0.003	-0.007	0.006	0.000	0.006
	(0.007)	(0.006)	(0.004)	(0.006)	(0.005)	(0.004)
DDD _{Q 4-06}	-0.013	-0.005	-0.008	-0.005	-0.008	0.003
	(0.008)	(0.006)	(0.005)	(0.006)	(0.005)	(0.004)
DDD _{Q 1-07}	-0.002	0.001	-0.003	0.000	-0.003	0.004
	(0.008)	(0.006)	(0.005)	(0.006)	(0.005)	(0.004)
DDD _{Q 2-07}	-0.011	-0.004	-0.007	-0.003	-0.002	-0.001
	(0.008)	(0.006)	(0.005)	(0.006)	(0.005)	(0.004)
DDD _{Q 3-07}	-0.003	0.002	-0.004	0.007	0.000	0.007
	(0.008)	(0.006)	(0.005)	(0.006)	(0.005)	(0.005)
DDD _{Q 4-07}	-0.002	0.000	-0.002	-0.002	-0.005	0.002
	(0.008)	(0.006)	(0.005)	(0.006)	(0.005)	(0.004)
DDD _{Q 1-08}	0.007	0.011	-0.005	0.002	0.000	0.002
	(0.007)	(0.007)	(0.005)	(0.007)	(0.005)	(0.004)
DDD _{Q 2-08}	-0.005	0.001	-0.006	-0.003	-0.001	-0.003
	(0.008)	(0.006)	(0.005)	(0.007)	(0.005)	(0.004)
No. Obs.	190,035	190,035	190,035	190,035	190,035	190,035
R²	0.63	0.51	0.28	0.40	0.33	0.15
*Year specific policy effect*
DDD₂₀₀₆	-0.011	-0.004	-0.007	0.001	-0.004	0.005
	(0.007)	(0.005)	(0.005)	(0.005)	(0.004)	(0.003)
DDD₂₀₀₇	-0.004	0.000	-0.004	0.000	-0.002	0.003
	(0.005)	(0.004)	(0.003)	(0.004)	(0.003)	(0.003)
DDD₂₀₀₈	0.001	0.006	-0.005	-0.001	-0.001	0.000
	(0.006)	(0.005)	(0.004)	(0.005)	(0.004)	(0.003)
No. Obs.	190,035	190,035	190,035	190,035	190,035	190,035
R²	0.63	0.51	0.28	0.40	0.32	0.15