Table 6 Data and predictions of the model
Before the reform | After the reform | |||||
|---|---|---|---|---|---|---|
Group | Variable | Data and model | Treated data | Model | ||
15–24 | Unemployment rate | 10.0% | 10.0% | 10.1% | ||
Avg duration of unemployment | 12.1 | 11.0 | 12.2 | |||
γ=0 | γ=1 | γ=8 | ||||
Labor force participation | 46.9% | 45.7% | 47.2% | 47.0% | 46.9% | |
Employment/population 15–64 | 42.2% | 40.8% | 42.4% | 42.2% | 42.1% | |
Unemployment/population 15–64 | 4.7% | 5.0% | 4.8% | 4.8% | 4.8% | |
30–34 | Unemployment rate | 4.9% | 4.6% | 5.1% | ||
Avg duration of unemployment | 23.7 | 25.4 | 24.3 | |||
γ=0 | γ=1 | γ=8 | ||||
Labor force participation | 87.9% | 86.8% | 88.9% | 88.4% | 87.9% | |
Employment/population 15–64 | 83.7% | 83.2% | 84.4% | 83.8% | 83.4% | |
Unemployment/population 15–64 | 4.3% | 3.9% | 4.5% | 4.6% | 4.5% | |
40–44 | Unemployment rate | 3.8% | 4.1% | 4.3% | ||
Avg duration of unemployment | 28.0 | 27.4 | 30.0 | |||
γ=0 | γ=1 | γ=8 | ||||
Labor force participation | 86.1% | 84.5% | 89.3% | 86.6% | 85.8% | |
Employment/population 15–64 | 82.8% | 81.2% | 85.5% | 82.9% | 82.1% | |
Unemployment/population 15–64 | 3.3% | 3.3% | 3.8% | 3.7% | 3.7% | |