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) |