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Journal for Labour Market Research

Table  4 Cyclical sensitivity of transitions: estimation results

From: Heterogeneity in the cyclical sensitivity of job-to-job flowsHeterogenität in der Konjunkturabhängigkeit von Job-zu-Job-Übergängen

\( { \tau_{\text{GDP}}^{\text{EE}} } \)

\( { \tau_{\text{GDP}}^{\text{EU}} } \)

\( { \tau_{\text{GDP}}^{\text{UE}} } \)

West Germany

0.006

−0.047

0.469

(0.81)

(−12.95)

(20.84)

East Germany

−0.018

0.054

0.373

(−1.26)

(3.12)

(11.95)

  1. Notes: Estimated coefficients of Eq.  (1). The estimated coefficients are those for the core group of male, medium-aged, medium-skilled workers. Asymptotic  t-values are in parentheses.
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