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Table 3 Results of Simultaneous Equations Models for the JPI and the SMI

From: Imbalanced Job Polarization and Skills Mismatch in Europe

@{{}} l d1.5d{1.5}d1.5d{1.4}

(1)

(2)

 

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Dep. Var.

SMI

JPI

SMI

JPI

JPI

-1.798^{***}

 

-1.789^{***}

 

SMI

 

-0.029

 

-0.048

EPL

-4.116^{***}

 

-4.057^{***}

 

GDP growth

0.176

 

0.163

 

log(GDP per capita)

 

0.689^{**}

  

Population growth

   

0.590^{***}

Crisis (2008–09)

2.023

 

2.009

 

Aftercrisis (2011–12)

 

-0.694^{***}

 

-0.621^{**}

Constant

26.892^{***}

-1.030

26.759^{***}

1.258^{*}

Random Effects:

    

Constant

2.813

0.398

2.826

0.391

 

(0.469)

(0.102)

(0.479)

(0.082)

Correlation

-0.171

0.058

 

(0.563)

(0.610)

N

264

264

Residual CEC

\(0.545^{**}\)

\(0.602^{***}\)

AIC

2070

2058

BIC

2123

2112

  1. \(^{***} p<0.01\), \(^{**} p<0.05\), \(^{*} p<0.10\) See notes under Table 2. CEC is cross-equation correlation.