(1) | (2) | |
---|---|---|
Fixed effects | First-differences | |
Persistent/Temporary treatment | − 0.0814*** | − 0.0778*** |
(− 4.27) | (− 6.80) | |
One year lead in treatment | − 0.0285** | − 0.0059 |
(− 2.25) | (− 0.46) | |
Two year lead in treatment | − 0.0193 | − 0.0267* |
(− 0.96) | (− 1.66) | |
Upper secondary school graduates [in thousands] | 0.0035*** | 0.0022*** |
(8.31) | (5.76) | |
One year lag of graduates [in thousands] | 0.0008*** | 0.0009** |
(2.65) | (2.40) | |
Two year lag of graduates [in thousands] | 0.0003 | − 0.0000 |
(0.96) | (− 0.01) | |
Unemployment rate [percentage] | − 0.0249*** | 0.0343*** |
(− 2.97) | (3.26) | |
Vocational training contracts acquired | − 0.0000 | − 0.0000 |
(− 0.49) | (− 0.61) | |
Gross domestic product [per capita] | − 0.0000 | 0.0000 |
(− 0.17) | (0.92) | |
Proportion of bachelor-degrees and master-degrees | 0.0083*** | 0.0080*** |
(7.01) | (2.90) | |
Year Dummies | ✓ | |
Federal state specific year trend | ✓ | |
Observations | 2,472 | 2,266 |
R2 (within) | 0.4435 | 0.1605 |