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Journal for Labour Market Research

Table 7 Models of female labor force participation

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

 

FE

2SLS

Cyclical component of GDP endogenous

Cyclical and trend components of GDP endogenous

(1)

(2)

(3)

(4)

(5)

(6)

Cyclical component of GDP per capita

− 17.2***

(5.24)

− 21.71***

(5.08)

− 36.5***

(11.36)

− 28.7**

(11.52)

− 34.1**

(12.67)

− 32.4***

(10.88)

Trend component of GDP per capita

15.5***

(2.79)

7.32**

(3.25)

15.9***

(2.79)

7.9**

(3.35)

16.6***

(2.55)

11.8*

(5.98)

First stage for the cyclical component of GDP per capita

Exports prices—cycle

  

0.170***

(0.037)

0.178***

(0.040)

0.168***

(0.038)

0.180***

(0.040)

Exports prices—trend

  

− 0.047***

(0.013)

− 0.022***

(0.007)

− 0.020***

(0.007)

− 0.010

(0.008)

F test

  

12.97

19.21

9.903

11.59

Overid. test (p value)

  

0.481

0.372

  

Additional controls

No

Yes

No

Yes

No

Yes

Observations

2736

2537

2736

2537

2736

2537

  1. Fixed effects OLS and instrumental variables 2SLS. Latin American countries, panel of education and age groups, 1987–2014. Women aged 25–54
  2. Robust standard errors in parentheses ***p < 0.01, **p < 0.05, *p < 0.1
  3. Columns 1 and 2 report the fixed effects (by country and by group) OLS estimates from columns 1 and 2 of Table 4. Columns 3 to 6 report the fixed effects (by country and by group) 2SLS regression results. Unbalanced panel of 9 groups in 18 countries. Dependent variable: female labor force participation as percentage of women aged 25–54. Instrument variables: cyclical and trend components of the UNCTAD´s exports price index. Over-identification test refers to the Hansen J statistic, where the joint null hypothesis is that the instruments are valid. See notes to Table 4 for more details. Robust standard errors clustered by country in parentheses. ***Significant at 1% level, **5%, *10%
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