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Table 6 Robustness checks on lag length

From: Cyclicality of labour market search: a new big data approach

 

Dependent variable

 

\(I^{JS}\)

\(I^{F}\)

\(I^{EA}\)

SP

GDP

 Constant

\(26.23{**}\)

(12.69)

− \(46.00{***}\)

(12.98)

− \(95.16{***}\)

(5.04)

\(8.00{***}\)

(0.93)

 \(GDP_{t}\)

0.01

(0.61)

− 0.45

(0.98)

− 1.12

(1.23)

\(0.07{**}\)

(0.03)

 \(GDP_{t-1}\)

− \(6.80{***}\)

(1.69)

− 2.52

(1.89)

− 0.85

(3.19)

− 0.16

(0.15)

 \(GDP_{t-2}\)

− \(2.51{**}\)

(1.02)

− 1.18

(1.43)

3.51

(3.31)

− \(0.34{**}\)

(0.13)

 \(GDP_{t-3}\)

− 1.85

(1.72)

\(5.40{***}\)

(1.16)

\(5.19{*}\)

(3.07)

− \(0.48{***}\)

(0.11)

 \(GDP_{t-4}\)

2.40

(2.63)

0.86

(1.01)

\(4.53{**}\)

(2.19)

− \(0.24{*}\)

(0.13)

 \(GDP_{t-5}\)

0.18

(1.35)

1.64

(3.26)

\(3.39{**}\)

(1.42)

− 0.03

(0.16)

 \(GDP_{t-6}\)

3.05

(2.08)

\(5.83{***}\)

(1.80)

\(5.99{**}\)

(2.83)

\(0.27{***}\)

(0.08)

 Trend

0.04

(0.40)

− \(1.42{***}\)

(0.32)

− \(3.42{***}\)

(0.17)

\(0.04{*}\)

(0.02)

Tightness

        

 Constant

\(1.74{*}\)

(0.89)

− 0.53

(1.11)

\(1.99{***}\)

(0.64)

\(3.87{***}\)

(0.05)

 \(\theta _{t}\)

0.37

(1.29)

\(3.64{**}\)

(1.43)

\(6.33{***}\)

(0.84)

\(0.42{**}\)

(0.20)

 \(\theta _{t-1}\)

− \(2.42{**}\)

(1.17)

− 0.68

(1.60)

− \(8.04{**}\)

(3.09)

− \(0.39{*}\)

(0.22)

 \(\theta _{t-2}\)

− 0.51

(3.51)

− 2.91

(3.27)

\(5.24{*}\)

(2.85)

− 0.09

(0.26)

 \(\theta _{t-3}\)

− 0.52

(3.50)

− 0.38

(3.98)

− \(6.44{***}\)

(2.24)

− 0.25

(0.18)

 \(\theta _{t-4}\)

2.11

(2.30)

-1.27

(4.81)

\(6.59{***}\)

(1.85)

0.01

(0.15)

 \(\theta _{t-5}\)

0.33

(3.33)

0.71

(2.69)

− \(3.48{**}\)

(1.49)

0.13

(0.27)

 \(\theta _{t-6}\)

1.12

(1.09)

1.76

(2.69)

1.23

(2.61)

0.21

(0.20)

 Trend

− \(1.73{**}\)

(0.68)

− 0.69

(0.82)

− \(1.49{**}\)

(0.61)

− \(0.11{***}\)

(0.04)

  1. Estimated effects from OLS regressions with heteroscedasticity- and autocorrelation-robust standard errors (in parentheses). *, **, *** denote significance at the 10, 5, 1% level, respectively. \(I^{JS}\), \(I^{F}\), \(I^{EA}\): Search intensity of job seekers/firms/employment agencies. SP: Average search perimeter of job seekers in kilometers. \(\theta\): labour market tightness