Table 3 Logit results of STW take-up: firm-specific characteristics (marginal effects)
From: Short-time work in the Great Recession: firm-level evidence from 20 EU countries
| Â | (1) | (2) | (3) | (4) | (5) |
|---|---|---|---|---|---|
Shocks | |||||
 Moderate / strong negative demand shock | 0.0513*** (0.006) | 0.0612*** (0.005) | 0.0636*** (0.005) | 0.0640*** (0.005) |  |
 Moderate negative demand shock |  |  |  |  | 0.0487*** (0.005) |
 Strong negative demand shock | |||||
  Persistence — Transitory |  |  |  |  | 0.1101*** (0.029) |
  Persistence — Semi-persistent |  |  |  |  | 0.1085*** (0.016) |
  Persistence — Long-lasting |  |  |  |  | 0.1609*** (0.015) |
 Moderate / strong negative access to finance shock | 0.0257*** (0.005) | 0.0278*** (0.005) | 0.0288*** (0.005) | 0.0280*** (0.005) | 0.0231*** (0.005) |
Share high-skilled non-manual employment (%) | − 0.0259** (0.011) | − 0.0255*** (0.010) | − 0.0202** (0.010) | − 0.0080 (0.010) | − 0.0086 (0.010) |
Share high-skilled manual employment (%) | 0.0426*** (0.010) | 0.0233*** (0.007) | 0.0238*** (0.007) | 0.0103 (0.007) | 0.0098 (0.007) |
Share of employment with tenure > 5 years (%) | 0.0854*** (0.014) | 0.0705*** (0.011) | 0.0752*** (0.012) | 0.0655*** (0.011) | 0.0582*** (0.010) |
Has collective pay agreement inside or outside | 0.0086 (0.007) | 0.0145* (0.008) | 0.0064 (0.008) | 0.0034 (0.007) | 0.0034 (0.007) |
Hiring costs — relevant/very relevant obstacles for hiring | − 0.0067 (0.006) | − 0.0013 (0.005) | − 0.0001 (0.005) | 0.0007 (0.005) | 0.0005 (0.005) |
Firing costs — relevant/very relevant obstacles for hiring | 0.0271*** (0.006) | 0.0324*** (0.005) | 0.0328*** (0.005) | 0.0318*** (0.005) | 0.0303*** (0.005) |
Share of labour costs in firms’ total costs (%) | 0.0002 (0.000) | 0.0001 (0.000) | 0.0002* (0.000) | 0.0003** (0.000) | 0.0003** (0.000) |
Share full-time permanent employment (%) | − 0.0136 (0.013) | − 0.0126 (0.013) | − 0.0089 (0.014) | − 0.0135 (0.014) | − 0.0136 (0.013) |
Share part-time permanent employment (%) | 0.0334* (0.018) | 0.0187 (0.017) | 0.0292 (0.018) | 0.0450** (0.018) | 0.0381** (0.018) |
Irrelevance of insufficiency of labour | − 0.0138** | − 0.0062 | − 0.0056 | − 0.0033 | − 0.0081 |
with the required skills for hiring | (0.007) | (0.006) | (0.006) | (0.006) | (0.006) |
Country dummies | No | Yes | Yes | Yes | Yes |
Size dummies | No | No | Yes | Yes | Yes |
Sector dummies | No | No | No | Yes | Yes |
Observations | 16,043 | 16,043 | 16,043 | 16,043 | 15,858 |
Pseudo R2 | 0.076 | 0.124 | 0.129 | 0.142 | 0.154 |