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Table 1 The quarterly variation of the salaried private employment rate by age group and gender - OLS estimates

From: Did the Intergenerational Solidarity Pact increase the employment rate of older workers in Belgium? A macro-econometric evaluation

Dep. var.

Δ Employment rate

 

50–59 years old

35–44 years old

 

Men

Women

Men

Women

Δ Employment rate t−1

0.533***

 

0.418***

 
 

(0.103)

 

(0.117)

 

Δ log[GDP] t

0.087***

 

0.127***

 
 

(0.027)

 

(0.036)

 

Δ log[GDP] t−3

0.115***

0.048**

0.153***

0.127***

 

(0.028)

(0.021)

(0.039)

(0.041)

Constant

-0.071***

0.066**

-0.054

0.134**

 

(0.026)

(0.029)

(0.036)

(0.056)

Trend

 

0.006***

 

0.003*

  

(0.001)

 

(0.002)

Nbr obs.

39

40

39

40

R 2

0.697

0.574

0.633

0.228

Adj. R 2

0.671

0.551

0.601

0.187

Serial correlation (AR 1-3) a

F(3,32) =1.112

F(3,34) =0.559

F(3,32) =0.998

F(3,34) =1.566

Normality test

Chi 2(2)=1.3

Chi 2(2)=0.725

Chi 2(2)=1.286

Chi 2(2)=0.468

Heteroscedasticity test b

F(6,32) =0.686

F(4,35) =0.849

F(6,32) =0.284

F(4,35) =2.155

  1. aDurbin’s alternative test for serial correlation without strictly exogenous regressors. bWhite test for heteroscedasticity. ***significant at 1% level, **5% level, *10% level. The model selection is automated using Autometrics
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