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Table 2 Temporary employment and labour productivity growth (K/L)

From: The impact of temporary employment on productivityAuswirkungen befristeter Beschäftigung auf die Produktivität

 

∆ Log LP

 

(1)

(2)

(3)

 

POLS

FE

IV

∆ Log K/L

0.294

(0.038)***

0.343

(0.037)***

0.236

(0.019)***

∆ Log ProductivityL

0.101

(0.018)***

0.135

(0.021)***

–

Log Relative Productivity

−0.023

(0.008)***

−0.030

(0.008)**

−0.022

(0.011)**

EPL

0.008

(0.003)**

0.008

(0.008)

0.006

(0.003)**

EPL*FJR

−0.100

(0.048)**

−0.116

(0.057)**

−0.082

(0.038)**

TE

−0.039

(0.018)**

−0.066

(0.024)***

−0.062

(0.036)*

TE*SSII

−0.054

(0.017)***

−0.067

(0.022)***

−0.088

(0.019)***

TUD

−0.001

(0.001)_

−0.003

(0.001)***

−0.005

(0.003)*

PMR

−0.001

(0.000)**

−0.001

(0.001)_

−0.009

(0.002)***

CONSTANT

0.012

(0.005)**

–

–

COUNTRY DUMMIES

NO

YES

YES

YEAR DUMMIES

NO

YES

YES

SECTOR DUMMIES

NO

NO

YES

Endogeneity Testa

–

–

p-val = 0.01

F-statisticsb

–

–

30.983

Observations

1500

1500

1500

R-squared

0.189

0.246

0.511

  1. POLS pooled ordinary least squares, FE fixed effects (dummy variable regression), IV instrumental variable, EPL employment protection legislation, FJR frictionless job reallocation, TE the share of temporary employment, TUD trade union density, PMR product market regulation
  2. HAC Robust standard errors in brackets
  3. * significant at 10%, ** significant at 5%, *** significant at 1%
  4. 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
  5. bF-statistic of the Kleibergen-Paap rk Wald test for weak identification