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Table  7 Job-to-job transitions in West Germany: results for Eq.  (2)

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

 

Unskilled

Medium-skilled

High-skilled

Men

Young

0.159

0.362

(16–24)

(3.69)

(10.83)

Medium

0.046

− 0.103

(25–49)

(1.33)

(2.22)

Old

−0.406

−0.303

−0.091

(50–64)

(−8.44)

(−9.39)

(−1.01)

Women

Young

−0.017

0.513

(16–24)

(−0.36)

(15.55)

Medium

−0.178

−0.102

0.034

(25–49)

(−4.52)

(−4.14)

(0.49)

Old

−0.411

−0.381

−0.104

(50–64)

(−8.76)

(−9.56)

(−0.53)

Job tenure

Constant

 

Short

Long

0.008

 

1.770

−0.545

(15.56)

 

(68.45)

(−28.16)

Year dummies

1975

1976

1977

1978

1979

1980

−1.175

−0.217

0.036

0.069

0.151

0.131

(−19.53)

(−3.98)

(0.68)

(1.30)

(2.85)

(2.49)

1981

1982

1983

1984

1985

1986

−0.034

−0.180

−0.214

−0.158

−0.132

−0.068

(−0.65)

(−3.40)

(−4.02)

(−2.97)

(−2.48)

(−1.28)

1987

1988

1989

1990

1991

1992

−0.053

0.000

0.119

0.208

0.145

0.085

(−1.00)

(−0.02)

(2.26)

(3.96)

(2.78)

(1.64)

1993

1994

1995

1996

1997

1998

0.033

0.082

0.091

0.063

0.104

(0.63)

(1.56)

(1.72)

(1.19)

(1.96)

1999

2000

2001

2002

2003

2004

0.348

0.579

0.546

0.385

1.373

2.335

(6.73)

(11.25)

(10.66)

(7.55)

(24.29)

(35.30)

Seasonal factors

January

February

March

April

May

June

2.267

−0.145

−0.073

0.421

0.032

(62.56)

(−4.03)

(−2.02)

(11.70)

(0.88)

July

August

September

October

November

December

0.401

0.278

0.310

0.497

0.073

−0.148

(11.20)

(7.73)

(8.66)

(13.91)

(2.03)

(−4.12)

Cyclical sensitivity

Women

        Unskilled

High-skilled

        Young

Old

0.197

        0.358

−0.455

        −0.162

−0.336

(6.92)

        (10.43)

(−9.18)

        (−4.57)

(−11.35)

Diagnostics

Number of obs.

5814

Adj. R 2

0.8339

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