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Table  6 Transition rates between employment and unemployment: excess cyclical sensitivity

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

Women

Unskilled

High-skilled

Young

Old

Short

Long

West Germany

Transitions from employment to unemployment

−0.055

0.712

−0.465

−0.559

−1.113

(−0.54)

(3.80)

(−2.89)

(−4.35)

(−8.60)

−0.051

0.630

−0.406

−0.493

−0.978

−0.214

−0.162

(−0.56)

(3.84)

(−2.79)

(−4.18)

(−7.68)

(−1.82)

(−1.33)

Transitions from unemployment to employment

−0.785

0.123

−0.250

0.159

−0.606

(−15.80)

(2.08)

(−1.58)

(2.00)

(−10.91)

−1.248

0.243

−0.426

0.021

−0.800

1.121

0.225

(−10.42)

(2.42)

(−1.70)

(0.17)

(−8.17)

(6.12)

(1.65)

East Germany

Transitions from employment to unemployment

−0.502

−0.201

−0.209

−0.076

−0.186

(−12.86)

(−2.24)

(−2.56)

(−1.06)

(−3.40)

−0.407

−0.217

−0.156

−0.104

−0.140

−0.079

−0.718

(−13.27)

(−3.32)

(−2.62)

(−1.94)

(−3.40)

(−1.55)

(−19.58)

Transitions from unemployment to employment

−0.486

−0.194

−0.006

0.151

−0.768

(−6.45)

(−1.37)

(−0.02)

(0.88)

(−8.33)

−0.444

−0.170

0.008

0.186

−0.671

−0.310

−0.080

(−6.64)

(−1.42)

(0.04)

(1.26)

(−8.03)

(−3.86)

(−0.77)

  1. Notes: The models were estimated via nonlinear least squares. Asymptotic t-values are in parentheses.