Δlog(Pop. aged 16)t,t−1 | 0.249*** | 0.274*** | 0.266*** | 0.244*** | 0.243*** |
| (0.061) | (0.070) | (0.069) | (0.060) | (0.059) |
ΔUnemployedt,t−1 | − 1.542*** | | | − 1.486*** | − 1.290*** |
| (0.361) | | | (0.350) | (0.397) |
\(\Delta \text {Unemployed}^{\Delta >0}_{t,t-1}\) | | | | | − 0.108 |
| | | | | (0.107) |
ΔGDP growtht,t−1 | | − 0.009 | | | |
| | (0.054) | | | |
ΔGDP growtht−1,t−2 | | | 0.108** | 0.085* | 0.116* |
| | | (0.052) | (0.044) | (0.066) |
\(\Delta \mathrm {GDP\;growth^{\Delta <0}_{t-1,t-2}}\) | | | | | − 0.069 |
| | | | | (0.114) |
\(\Delta \text {Trend}^{1987-1991}_{t,t-1}\) | 0.001 | 0.006 | 0.007 | 0.002 | 0.002 |
| (0.004) | (0.005) | (0.005) | (0.004) | (0.004) |
\(\Delta \text {Trend}^{1992-2016}_{t,t-1}\) | 0.033*** | 0.037*** | 0.036*** | 0.033*** | 0.033*** |
| (0.009) | (0.011) | (0.011) | (0.009) | (0.008) |
Constant | − 0.025*** | − 0.029*** | − 0.029*** | − 0.025*** | − 0.025*** |
| (0.008) | (0.010) | (0.010) | (0.008) | (0.008) |
Observations | 780 | 780 | 780 | 780 | 780 |
Number of region | 26 | 26 | 26 | 26 | 26 |