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Table 1 Models of labor force participation

From: Economic cycle and deceleration of female labor force participation in Latin America

 

Women

Men

Ratio men/women

(1)

(2)

(3)

(4)

(5)

(6)

Log GDP per capita

22.6***

(2.79)

 

− 1.1

(0.87)

 

− 73.0***

(14.41)

 

Cyclical component

 

− 21.7***

(6.05)

 

2.3

(1.58)

 

61.9***

(16.25)

Trend component

 

25.6***

(2.86)

 

− 1.3

(0.93)

 

− 82.2***

(14.83)

Observations

304

304

304

304

304

304

Countries

18

18

18

18

18

18

R-squared

0.56

0.66

0.04

0.06

0.49

0.57

  1. Latin American countries, panel 1987–2014. Adults aged 25–54
  2. Fixed effects (by country) OLS regressions. Unbalanced panel of 18 countries. Dependent variable: in columns 1 and 2 (3 and 4) is female (male) labor force participation as percentage of women (men) aged 25–54; in columns 5 and 6 is the LFP ratio (men/women) expressed in percentage. Log per capita GDP is the logarithm of real gross domestic product per capita. Cyclical and trend components of GDP are obtained by applying the Hodrick-Prescott filter to the log of per capita GDP. For detailed data definitions and sources, see Table 10 in the Appendix. Robust standard errors clustered by country in parentheses. ***Significant at 1% level, **5%, *10%