Table 6 Effects on the expected values of Yi,t for displaced older and prime-age workers separately estimated for the sample entering unemployment before the UB reforms of October 2006 and the sample entering unemployment after the reforms
From: Labour market effects of job displacement for prime-age and older workers
Before October 2006 | After October 2006 | |||||
|---|---|---|---|---|---|---|
Older age (45–54) | Prime age (35–44) | Difference | Older age (45–54) | Prime age (35–44) | Difference | |
Panel A: employment | ||||||
Year 1 | − 0.3027 | − 0.2421∗∗∗ | − 0.0605∗∗∗ | − 0.2986∗∗∗ | − 0.2327∗∗∗ | − 0.0659∗∗∗ |
(0.0056) | (0.0037) | (0.0068) | (0.0021) | (0.0014) | (0.0025) | |
Year 2 | − 0.1938∗∗∗ | − 0.1177∗∗∗ | − 0.0760∗∗∗ | − 0.2075∗∗∗ | − 0.1228∗∗∗ | − 0.0846∗∗∗ |
(0.0057) | (0.0038) | (0.0068) | (0.0021) | (0.0014) | (0.0025) | |
Year 3 | − 0.1321∗∗∗ | − 0.0800∗∗∗ | − 0.0521∗∗∗ | − 0.1432∗∗∗ | − 0.1022∗∗∗ | − 0.0411∗∗∗ |
(0.0061) | (0.0041) | (0.0074) | (0.0024) | (0.0017) | (0.0029) | |
Year 4 | − 0.0561∗∗∗ | − 0.0592∗∗∗ | 0.0031 | − 0.1381∗∗∗ | − 0.0816∗∗∗ | − 0.0565∗∗∗ |
(0.0068) | (0.0047) | (0.0082) | (0.0036) | (0.0024) | (0.0042) | |
Year 5 | − 0.0087 | − 0.0446∗∗∗ | 0.0359 ∗∗∗ | − 0.1037∗∗∗ | − 0.0798∗∗∗ | − 0.0239∗∗∗ |
(0.0071) | (0.0050) | (0.0087) | (0.0043) | (0.0028) | (0.0051) | |
Year 6 | − 0.0102 | − 0.0343∗∗∗ | 0.0241** | |||
(0.0086) | (0.0059) | (0.0104) | ||||
N | 1,342,445 | 1,342,445 | 1,342,445 | 3,315,359 | 3,315,359 | 3,315,359 |
Panel B: relative wages | ||||||
Year 1 | − 0.0451∗∗∗ | − 0.0274∗∗∗ | − 0.0176∗∗∗ | − 0.0523∗∗∗ | − 0.0486∗∗∗ | − 0.0037* |
(0.0035) | (0.0023) | (0.0042) | (0.0016) | (0.0011) | (0.0019) | |
Year 2 | − 0.0271∗∗∗ | − 0.0116∗∗∗ | − 0.0156∗∗∗ | − 0.0639∗∗∗ | − 0.0480∗∗∗ | − 0.0159∗∗∗ |
(0.0035) | (0.0024) | (0.0042) | (0.0016) | (0.0010) | (0.0019) | |
Year 3 | − 0.0143∗∗∗ | − 0.0013 | − 0.0130∗∗∗ | − 0.0663∗∗∗ | − 0.0370∗∗∗ | − 0.0293∗∗∗ |
(0.0039) | (0.0026) | (0.0047) | (0.0018) | (0.0012) | (0.0022) | |
Year 4 | − 0.0101** | 0.0134 ∗∗∗ | − 0.0235∗∗∗ | − 0.0560∗∗∗ | − 0.0380∗∗∗ | − 0.0180∗∗∗ |
(0.0044) | (0.0030) | (0.0053) | (0.0027) | (0.0017) | (0.0032) | |
Year 5 | 0.0207 ∗∗∗ | 0.0159 ∗∗∗ | 0.0048 | − 0.0556∗∗∗ | − 0.0495∗∗∗ | − 0.0061 |
(0.0047) | (0.0032) | (0.0057) | (0.0032) | (0.0021) | (0.0038) | |
Year 6 | 0.0510 ∗∗∗ | 0.0160 ∗∗∗ | 0.0351 ∗∗∗ | |||
(0.0058) | (0.0038) | (0.0069) | ||||
N | 1,092,998 | 1,092,998 | 1,092,998 | 3,007,018 | 3,007,018 | 3,007,018 |