Labour market effects of job displacement for prime-age and older workers

Table 2 Effects on the expected values of Y_i,t for displaced older and prime-age workers and the difference between them

	Treatment effect older (45–54)	Treatment effect prime-age (35–44)	Difference between older and prime-age
Panel A: employment
Year − 1	0.0110 ^∗∗∗	0.0062 ^∗∗∗	0.0048 ^∗∗∗
	(0.0014)	(0.0009)	(0.0017)
Year 1	− 0.2814^∗∗∗	− 0.2292^∗∗∗	− 0.0522^∗∗∗
	(0.0014)	(0.0010)	(0.0017)
Year 2	− 0.1757^∗∗∗	− 0.1229^∗∗∗	− 0.0529^∗∗∗
	(0.0014)	(0.0010)	(0.0017)
Year 3	− 0.1416^∗∗∗	− 0.0986^∗∗∗	− 0.0430^∗∗∗
	(0.0016)	(0.0011)	(0.0019)
Year 4	− 0.1088^∗∗∗	− 0.0769^∗∗∗	− 0.0320^∗∗∗
	(0.0018)	(0.0013)	(0.0022)
Year 5	− 0.0733^∗∗∗	− 0.0602^∗∗∗	− 0.0131^∗∗∗
	(0.0019)	(0.0013)	(0.0023)
Year 6	− 0.0569^∗∗∗	− 0.0394^∗∗∗	− 0.0176^∗∗∗
	(0.0023)	(0.0016)	(0.0028)
N	4,657,804	4,657,804	4,657,804
Panel B: relative wages
Year − 1	− 0.0335^∗∗∗	− 0.0268^∗∗∗	− 0.0067^∗∗∗
	(0.0009)	(0.0006)	(0.0010)
Year 1	− 0.0552^∗∗∗	− 0.0423^∗∗∗	− 0.0128^∗∗∗
	(0.0009)	(0.0006)	(0.0011)
Year 2	− 0.0494^∗∗∗	− 0.0345^∗∗∗	− 0.0149^∗∗∗
	(0.0009)	(0.0006)	(0.0011)
Year 3	− 0.0450^∗∗∗	− 0.0277^∗∗∗	− 0.0172^∗∗∗
	(0.0011)	(0.0007)	(0.0013)
Year 4	− 0.0409^∗∗∗	− 0.0273^∗∗∗	− 0.0136^∗∗∗
	(0.0012)	(0.0008)	(0.0015)
Year 5	− 0.0329^∗∗∗	− 0.0319^∗∗∗	− 0.0011
	(0.0013)	(0.0009)	(0.0016)
Year 6	− 0.0325^∗∗∗	− 0.0332^∗∗∗	0.0007
	(0.0016)	(0.0011)	(0.0020)
N	4,100,016	4,100,016	4,100,016

Notes: Calculations on the basis of fixed effects estimates of Eq. 1. Year − 2 is the base year. Calculations for employment and wages are based on separate regressions. Full results are presented in the Appendix. Significance levels: *10%, ** 5%, ***1%. Source: Own calculations using registration data from Statistics Netherlands on displaced workers