Table 4 Probit estimates of the use of targeted wage subsidies, average marginal effects
Dependent variable: Use of wage subsidies in previous year | 2003 | 2005 | 2007 | 2009 |
|---|---|---|---|---|
Recruitment subsidy for new firms | 0.11∗∗ | 0.01 | ||
Training measures for the unemployed | 0.12∗∗ | 0.11∗∗ | ||
Job-creation measures | 0.02 | 0.03∗∗ | 0.05∗∗ | 0.01 |
Structural adjustment measures | 0.02 | 0.02 | ||
One-Euro-jobs | 0.07∗∗ | 0.05∗∗ | ||
Work opportunities (wage variant) | 0.01 | |||
Wage subsidy for the severely hard-to-place | 0.09∗∗ | |||
Youth program (Jugendsofortprogramm) | 0.10∗∗ | 0.07∗∗ | ||
Support vocational training | 0.05∗∗ | 0.05∗∗ | 0.07∗∗ | |
Internships for work preparation | 0.04∗∗ | 0.02∗ | ||
Entry-level training for young people | 0.06∗∗ | 0.07∗∗ | ||
Vocational training bonus | 0.11∗∗ | |||
Part time retirement | 0.05∗∗ | 0.04∗∗ | 0.03∗∗ | 0.03∗∗ |
Other measures | 0.08∗∗ | 0.05∗∗ | 0.07∗∗ | 0.06∗∗ |
Vacancies reported to FEA | 0.05∗∗ | 0.06∗∗ | 0.05∗∗ | 0.04∗∗ |
Number of establishments | 15,820 | 15,749 | 15,593 | 15,422 |
Pseudo coefficient of determination | 0.15 | 0.15 | 0.20 | 0.18 |