Table 4 Logit results of STW take-up: Firm-specific characteristics + STW scheme characteristics

 Countries with a formal STW scheme

0.0574***

(0.019)

0.0789***

(0.019)

 Eligibility criteria

− 0.0142***

(0.005)

 Scheme administered through unemployment insurance

− 0.0030

(0.008)

− 0.0183**

(0.009)

− 0.0174

(0.012)

 Scheme introduced in response to crisis

−0.0376***

(0.005)

−0.0509***

(0.011)

−0.0198*

(0.011)

 Crisis induced reform — increase coverage

0.0246***

(0.009)

 Crisis induced reform — extend duration

−0.0419***

(0.009)

 Crisis induced reform — increase compensation

−0.0361***

(0.0011)

 Moderate negative demand shock

0.0420***

(0.006)

0.0443***

(0.007)

0.0432***

(0.005)

 Transitory strong neg. demand shock

0.1026***

(0.030)

0.1170***

(0.035)

0.0921***

(0.028)

 Semi-persistent strong neg. demand shock

0.0982***

(0.018)

0.1114***

(0.020)

0.0951***

(0.016)

 Long-lasting strong neg. demand shock

0.1210***

(0.017)

0.1311***

(0.020)

0.1406***

(0.016)

 Moderate/strong negative access to finance shock

0.0256***

(0.005)

0.0305***

(0.006)

0.0258***

(0.005)

Share high-skilled non-manual employment (%)

−0.0083

(0.011)

0.0014

(0.013)

−0.0059

(0.010)

Share high-skilled manual employment (%)

0.0213***

(0.008)

0.0274***

(0.010)

0.0151**

(0.007)

Share of employment with tenure > 5 years (%)

0.0759***

(0.012)

0.0817***

(0.015)

0.0695***

(0.011)

Has collective pay agreement inside or outside

− 0.0082

(0.006)

− 0.0010

(0.008)

0.0022

(0.007)

Hiring costs — relevant/very relevant obstacles for hiring

− 0.0032

(0.005)

0.0032

(0.007)

− 0.0089*

(0.005)

Firing costs — relevant/very relevant obstacles for hiring

0.0252***

(0.005)

0.0190***

(0.007)

0.0266***

(0.005)

Share of labour costs in firms’ total costs (%)

0.0003***

(0.000)

0.0002

(0.000)

0.0004***

(0.000)

Share full-time permanent employment (%)

− 0.0285**

(0.012)

− 0.0313**

(0.015)

− 0.0132

(0.014)

Share part-time permanent employment (%)

0.0343**

(0.017)

0.0362*

(0.021)

0.0531***

(0.019)

Irrelevance of insufficiency of labour with the required skills for hiring

− 0.0089

(0.006)

− 0.0122

(0.008)

− 0.0101*

(0.006)

Size dummies

Yes

Yes

Yes

Sector dummies

Yes

Yes

Yes

Observations

15,858

11,625

15,858

Pseudo R²

0.107

0.112

0.128