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Table 6 Labour productivity (reduced sample IV-FE)

From: The impact of temporary employment and employment protection on labour productivity: evidence from an industry-level panel of EU countriesEinfluss von befristeter Beschäftigung und Kündigungsschutz auf die Arbeitsproduktivität: Evidenz aus einem branchenspezifischen Panel von EU-Ländern

 

IV-FE

IV-FE

IV-FE

IV-FE

IV-FE

IV-FE

IV-FE

IV-FE

IV-FE

IV-FE

IV-FE

IV-FE

IV-FE

Excluded Country

AUT

BEL

DNK

FIN

FRA

GER

IRL

ITA

NLD

PRT

SPA

SWE

UK

EPL

0.017

0.008

0.011

0.011

0.012

0.013

0.011

0.006

0.011

0.016

0.028

0.007

0.009

(0.005)***

(0.003)***

(0.004)***

(0.003)***

(0.003)***

(0.003)***

(0.004)***

(0.002)**

(0.003)***

(0.004)***

(0.011)***

(0.003)**

(0.003)***

EPL*FJR

−0.184

−0.114

−0.148

−0.143

−0.152

−0.172

−0.126

−0.101

−0.110

−0.174

−0.347

−0.077

−0.101

(0.054)***

(0.042)***

(0.047)***

(0.046)***

(0.046)***

(0.048)***

(0.048)***

(0.042)**

(0.044)**

(0.049)**

(0.131)**

(0.040)**

(0.046)**

TE

−0.373

−0.191

−0.261

−0.282

−0.289

−0.265

−0.265

−0.144

−0.286

−0.275

−0.578

−0.259

−0.177

(0.105)**

(0.049)***

(0.071)***

(0.075)***

(0.068)***

(0.070)***

(0.084)***

(0.046)***

(0.074)***

(0.076)***

(0.298)**

(0.069)***

(0.079)**

TUD

−0.001

−0.001

−0.001

−0.001

−0.001

−0.001

−0.001

−0.001

−0.001

−0.001

0.000

−0.001

−0.001

(0.000)*

(0.000)

(0.000)

(0.000)**

(0.000)

(0.000)*

(0.000)*

(0.000)

(0.000)**

(0.000)**

(0.000)

(0.000)**

(0.000)

TREND

0.039

0.029

0.031

0.038

0.033

0.034

0.034

0.027

0.032

0.030

0.043

0.034

0.021

(0.033)

(0.027)

(0.028)

(0.029)

(0.029)

(0.029)

(0.028)

(0.025)

(0.029)

(0.028)

(0.043)

(0.028)

(0.028)

Sector dummies

YES

YES

YES

YES

YES

YES

YES

YES

YES

YES

YES

YES

YES

Country dummies

YES

YES

YES

YES

YES

YES

YES

YES

YES

YES

YES

YES

YES

Year dummies

YES

YES

YES

YES

YES

YES

YES

YES

YES

YES

YES

YES

YES

Endogeneity testa

p=0.000

p=0.017

p=0.004

p=0.001

p=0.000

p=0.003

p=0.010

p=0.228

p=0.003

p=0.002

p=0.002

p=0.006

p=0.230

Observations

1680

1680

1680

1680

1680

1680

1680

1680

1680

1680

1680

1680

1680

R-squared

0.9988

0.9992

0.9991

0.9990

0.9990

0.9991

0.9991

0.9992

0.9990

0.9991

0.9981

0.9991

0.9992

  1. IV: instrumental variables (two stage least squares); EPL: employment protection legislation; FJR: frictionless job reallocation; TE: the share of temporary employment; TUD: trade union density
  2. HAC Robust standard errors in brackets. *significant at 10 %, **significant at 5 %, ***significant at 1 %
  3. aThe endogeneity test is the difference of two Sargan-Hansen statistics: one for the equation with the smaller set of instruments and one for the equation with the larger set of instruments. Unlike the Hausman tests, this statistic is robust to heteroskedasticity and serial correlation