From: European firm adjustment during times of economic crisis
Permanent employees | Fixed-term employees | |||
---|---|---|---|---|
Probability (% and standard errors) | Difference from baseline (% points and standard errors) | Probability (% and standard errors) | Difference from baseline (% points and standard errors) | |
Baseline | 9.9 | 7.6 | ||
(3.7) | (3.2) | |||
Manufacturing | 12.4 | 2.5 | 8.5 | 0.9 |
(4.4) | (1.9) | (3.4) | (1.2) | |
Trade | 13.3 | 3.4 | 7.1 | −0.4 |
(4.7) | (2.4) | (3.1) | (1.4) | |
Large firm | 11.0 | 1.1 | 16.1 | 8.6 |
(3.9) | (2.3) | (5.3) | (3.0) | |
Strong demand + weak credit shock | 19.6 | 9.8 | 9.6 | 2.0 |
(5.9) | (2.7) | (3.9) | (1.2) | |
Strong demand + strong credit shock | 18.2 | 8.4 | 6.2 | −1.4 |
(5.7) | (2.6) | (2.8) | (1.1) | |
Time-dependent wages | 7.9 | −2.0 | 9.7 | 2.1 |
(3.2) | (1.3) | (3.8) | (1.3) | |
Frequent wage adjustment | 7.9 | −2.0 | 8.0 | 0.4 |
(3.5) | (1.7) | (3.5) | (1.4) | |
Strong competitive pressures | 12.6 | 2.7 | 6.3 | −1.3 |
(4.4) | (1.5) | (2.7) | (1.0) | |
Firm-level collective agreement | 10.3 | 0.5 | 7.7 | 0.1 |
(4.0) | (1.6) | (3.2) | (1.1) | |
White-collar workers: high (%) | 11.3 | 1.5 | 4.6 | −2.9 |
(4.3) | (1.9) | (2.3) | (1.4) | |
High-skilled workers: high (%) | 10.7 | 0.8 | 6.6 | −1.0 |
(4.1) | (1.8) | (3.0) | (1.2) | |
Temporary workers: high (%) | 9.3 | −0.6 | 10.8 | 3.2 |
(3.6) | (1.4) | (4.1) | (1.5) | |
Labour cost share: high (%) | 16.1 | 6.2 | 6.7 | −0.9 |
(5.1) | (2.3) | (2.9) | (1.1) | |
Flexible pay component: high (%) | 13.3 | 3.5 | 5.7 | −1.9 |
(4.5) | (2.0) | (2.5) | (1.3) |