Short-time work in the Great Recession: firm-level evidence from 20 EU countries

Table 6 Logit results of STW take-up: firm-specific characteristics + DNWR measure

	(1) Full sample	(2) Firms reducing labour costs	(3) Firms reducing labour inputs
Dummy variables
DNWR ≤ 0.50	[Omitted]	[Omitted]	[Omitted]
0.50 < DNWR ≤ .70	0.063*** (0.020)	0.0495 (0.045)	0.0884** (0.037)
0.70 < DNWR ≤ 1.0	0.0777*** (0.020)	0.1299*** (0.032)	0.1302*** (0.035)
Observations	15,707	2519	5424
E(STW)	0.072	0.131	0.133

Unweighted average marginal effects reported. Other variables as in Table 3. Standard errors clustered by country, sector and size in parentheses. ***p < 0.01, **p < 0.05, *p < 0.1