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

Table 6 DDD estimation results

	(1)	(2)	(3)	(4)	(5)	(6)
	Hiring	UE	NE	Separation	EU	EN
*Year-quarter specific policy effect*
DDD _{Q 3-08}	0.014**	0.005	0.009**	-0.005	-0.001	-0.004
	(0.006)	(0.005)	(0.004)	(0.006)	(0.005)	(0.004)
DDD _{Q 4-08}	-0.007	-0.005	-0.002	-0.002	-0.004	0.002
	(0.006)	(0.005)	(0.004)	(0.006)	(0.005)	(0.004)
DDD _{Q 1-09}	-0.008	-0.006	-0.002	0.002	0.004	-0.002
	(0.007)	(0.005)	(0.004)	(0.007)	(0.006)	(0.004)
DDD _{Q 2-09}	-0.007	-0.007	-0.000	-0.001	0.004	-0.005
	(0.007)	(0.006)	(0.004)	(0.007)	(0.005)	(0.004)
DDD _{Q 3-09}	0.014**	0.010*	0.004	0.004	0.007	-0.003
	(0.007)	(0.006)	(0.004)	(0.007)	(0.006)	(0.004)
DDD _{Q 4-09}	0.016**	0.012**	0.004	0.003	0.001	0.002
	(0.007)	(0.006)	(0.004)	(0.006)	(0.005)	(0.004)
DDD _{Q 1-10}	0.005	0.006	-0.001	0.003	-0.001	0.004
	(0.007)	(0.006)	(0.004)	(0.006)	(0.005)	(0.004)
DDD _{Q 2-10}	0.003	0.008	-0.005	0.003	0.001	0.003
	(0.007)	(0.006)	(0.004)	(0.006)	(0.005)	(0.004)
No. Obs	305,590	305,590	305,590	305,590	305,590	305,590
R²	0.68	0.56	0.29	0.49	0.42	0.18
Wald	0.05	0.19	0.35	0.97	0.93	0.64
(Prob > F)
*Year specific policy effect*
DDD₂₀₀₈	0.006	0.001	0.005*	-0.004	-0.002	-0.001
	(0.005)	(0.004)	(0.003)	(0.004)	(0.004)	(0.003)
DDD₂₀₀₉	-0.001	-0.001	-0.001	0.002	0.004	-0.002
	(0.004)	(0.003)	(0.002)	(0.004)	(0.003)	(0.002)
DDD₂₀₁₀	0.005	0.007	-0.002	0.003	0.000	0.003
	(0.005)	(0.005)	(0.002)	(0.004)	(0.003)	(0.003)
No. Obs	305,590	305,590	305,590	305,590	305,590
R²	0.68	0.56	0.29	0.48	0.41	0.18
Wald	0.42	0.49	0.21	0.64	0.50	0.42
(Prob > F)

Bootstrap standard errors with 1000 replications are in parenthesis (*** p < 0.01, ** p < 0.05, * p < 0.1).