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Table 4 The quarterly variation of the male salaried private employment rate by age group, with alternative specifications of GDP - 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 Men

 

50–59 years old

35–44 years old

Δ Employment rate t−1

0.553***

0.461***

0.387***

0.360**

 

(0.116)

(0.128)

(0.134)

(0.154)

Δ log[GDP] t−3

0.102***

 

0.142***

 
 

(0.031)

 

(0.045)

 

Δ log[GDP neighbors] t

 

0.031

 

0.053

  

(0.033)

 

(0.046)

Δ log[GDP neighbors] t−3

 

0.132***

 

0.125**

  

(0.032)

 

(0.052)

Constant

-0.015

-0.064*

0.03

-0.010

 

(0.022)

(0.032)

(0.03)

(0.047)

Nbr obs.

39

39

39

39

R 2

0.605

0.657

0.502

0.464

Adj. R 2

0.583

0.627

0.474

0.418

Serial correlation (AR 1-3) a

F(3,33) =0.317

F(3,32) =0.468

F(3,33) =0.115

F(3,32) =0.148

Normality test

Chi 2(2)=0.376

Chi 2(2)=2.867

Chi 2(2)=0.516

Chi 2(2)=8.094

Heteroscedasticity test b

F(4,34) =0.125

F(6,32) =0.816

F(4,34) =1.159

F(6,32) =0.448

  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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