Table 6 Equation for the difference in unemployment at different points of the business cycle
From: Drivers and effects of labour market reforms: Evidence from a novel policy compendium
All | Developed | Developing | |
|---|---|---|---|
Panel A. Estimation results | |||
Reforms decreasing (lag) | 0.0002 | 0.028 | −0.038 |
(0.028) | (0.036) | (0.051) | |
Gap growth | −0.178** | −0.326*** | −0.098*** |
(0.008) | (0.037) | (0.008) | |
EPL indicator | 0.008*** | 0.005 | 0.04 |
(0.002) | (0.007) | (0.005) | |
Tax rate | 0.001 | 0.023** | −0.006** |
(0.003) | (0.011) | (0.003) | |
Reforms decreasing (lag)*Gap growth | −0.023** | −0.019 | 0.030 |
(0.009) | (0.013) | (0.023) | |
Panel B: Marginal effects of the impact of reforms decreasing labour legislation at different percentiles of the gap growth variable | |||
Min | 0.0394** | 0.342* | −0.547 |
(0.016) | (0,204) | (0.377) | |
p10 | 0.118** | 0.144* | −0.181* |
(0.050) | (0.078) | (0.106) | |
p20 | 0.062* | 0.092* | −0.106* |
(0.033) | (0.049) | (0.061) | |
p30 | 0.031 | 0.063* | −0.073 |
(0.027) | (0.038) | (0.049) | |
p40 | 0.014 | 0.043 | −0.052 |
(0.027) | (0.035) | (0.048) | |
p50 | −0.001 | 0.030 | −0.035 |
(0.028) | (0.035) | (0.051) | |
p60 | −0.013 | 0.011 | −0.023 |
(0.03) | (0.039) | (0.055) | |
p70 | −0.027 | −0.004 | −0.010 |
(0.033) | (0.044) | (0.059) | |
p80 | −0.049 | −0.012 | 0.027 |
(0.039) | (0.049) | (0.080) | |
p90 | −0.071 | −0.024 | 0.056 |
(0.046) | (0.054) | (0.099) | |
Max | −0.211** | −0.122 | 0.236 |
(0.099) | (0.112) | (0.228) | |
Year dummies | Yes | Yes | Yes |
Country dummies | Yes | Yes | Yes |
Regional dummies | No | No | No |
N | 372 | 144 | 228 |