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Table 4 Unemployment rate as a function of the business cycle

From: Unemployment among younger and older individuals: does conventional data about unemployment tell us the whole story?

Variables The growth of youth unemployment 2007–2009 The growth of older unemployment 2007–2009
Coefficient Std. error Coefficient Std. error
Constant 0.553 1.635 2.539** 1.144
GR 2009–2007 − 0.530*** 0.181 − 0.184 0.125
Adjusted R squared 0.187   0.035  
Variables The growth of youth unemployment 2009–2011 The growth of older unemployment 2009–2011
Coefficient Std. error Coefficient Std. error
Constant 4.486*** 1.191 − 1.581*** 0.514
GR 2011–2009 − 0.602*** 0.155 − 0.084 0.066
Adjusted R squared 0.299   0.019  
  1. Dependent variable: the increase in the unemployment rate between 2007 and 2009, and between 2009 and 2011
  2. p < 0.1, ** p < 0.05, *** p < 0.01