Skip to main content
. Author manuscript; available in PMC: 2016 May 31.
Published in final edited form as: Soc Sci Med. 2014 Jul 31;127:63–73. doi: 10.1016/j.socscimed.2014.07.056

Table 2.

Education, Unemployment Rate and Outcomes in Eurobarometer

(1) (2) (3) (4) (5) (6)
Dependent variables Income Quartile
(1:highest - 4:lowest)		 General Poor
Health (Yes = 1)		 Life dissatisfaction
(Yes = 1)		 Obesity
(Yes =1)		 Smoker
(Yes = 1)		 Daily drinker
(Yes = 1)
Panel A. Mean Unemployment Rate around year of graduation (3 years)
UR when graduating
(3 years average)		 1.313**
(0.372)
[0.727]		 0.052
(0.134)
[0.184]		 0.122*
(0.072)
[0.078]		 0.089
(0.128)
[0.156]		 0.411**
(0.120)
[0.156]		 0.203*
(0.123)
[0.103]
(Education - 9) * UR −0.102*
(0.053)
[0.120]		 −0.033**
(0.016)
[0.018]		 −0.047**
(0.010)
[0.015]		 −0.047**
(0.019)
[0.013]		 −0.041**
(0.017)
[0.030]		 −0.028
(0.018)
[0.014]
Observations 50,590 28,440 87,450 17,734 48,367 19,656
R-squared 0.259 0.062 0.169 0.036 0.073 0.065
Panel B: Unemployment Rate in year of graduation
UR when graduating 1.205**
(0.357)
[0.682]		 0.045
(0.122)
[0.173]		 0.090
(0.067)
[0.074]		 0.038
(0.120)
[0.135]		 0.269**
(0.116)
[0.160]		 0.195*
(0.111)
[0.097]
(Education - 9) * UR −0.095*
(0.052)
[0.113]		 −0.033**
(0.016)
[0.015]		 −0.044**
(0.009)
[0.014]		 −0.043**
(0.019)
[0.012]		 −0.038**
(0.016)
[0.028]		 −0.027
(0.016)
[0.013]
Observations 50,590 28,411 87,407 17,734 47,818 19,632
R-squared 0.259 0.063 0.169 0.036 0.073 0.065
F-Tests for whether the reported coefficients jointly significant (P-values reported)
Panel A 0.000 0.067 0.000 0.016 0.002 0.158
Panel B 0.000 0.139 0.000 0.011 0.005 0.070

Note: Standard errors in parentheses are clustered at country-graduation year level, and those in brackets are clustered at country level. Weights in Eurobarometer are applied. Respondents are aged between 25 and 55. The unit of experience is in 10 years. The covariates include years of education, interaction of education with years since graduation and its square term, indicators for gender, marital status, graduation cohorts, years since graduation, UR sources, countries, survey years, country interacting with survey years and linear time trends for specific country. Results are robust to probit/logit estimation.

**

p<0.05,

*

p<0.1.