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# Table 2 Static regression table (immediate effects only), 1987–2016

(1) | (2) | (3) | (4) | (5) | |
---|---|---|---|---|---|

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) | |

ΔUnemployed_{t,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 growth_{t,t−1} | − 0.009 | ||||

(0.054) | |||||

ΔGDP growth_{t−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 |