Table 4.
Unemployment Rates at Age Required by Compulsory Schooling Laws (CSLs) and Outcomes
(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: Unemployment rate in year of graduation | ||||||
Unemployment rate | 1.849** (0.411) [0.670] |
0.286* (0.168) [0.254] |
0.233** (0.101) [0.082] |
0.341** (0.168) [0.203] |
0.687** (0.150) [0.239] |
0.056 (0.182) [0.166] |
(Education - 9)* UR | −0.254** (0.063) [0.123] |
−0.060** (0.022) [0.026] |
−0.057** (0.012) [0.016] |
−0.042* (0.024) [0.022] |
−0.086** (0.023) [0.043] |
−0.028 (0.027) [0.021] |
Observations | 31,622 | 14,498 | 36,871 | 9,348 | 23,391 | 9,167 |
R-squared | 0.271 | 0.064 | 0.070 | 0.042 | 0.078 | 0.071 |
Panel B: Unemployment rate at the l east graduation age required by CSLs | ||||||
Unemployment rate | 1.534** (0.401) [0.820] |
0.327** (0.162) [0.183] |
0.182** (0.091) [0.112] |
0.297* (0.169) [0.210] |
0.067 (0.174) [0.294] |
0.038 (0.185) [0.207] |
(Education - 9)* UR | −0.436** (0.061) [0.158] |
−0.063** (0.019) [0.023] |
−0.065** (0.011) [0.010] |
−0.046** (0.021) [0.027] |
−0.138** (0.021) [0.053] |
−0.013 (0.020) [0.013] |
Observations | 31,622 | 14,498 | 36,871 | 9,348 | 23,391 | 9,167 |
R-squared | 0.273 | 0.064 | 0.071 | 0.042 | 0.079 | 0.071 |
Note: The countries in this table include Austria, Belgium, Denmark, France, Ireland, Netherlands, Spain, Sweden and United Kingdom. See Table 2 notes for specification details.
p<0.05,
p<0.1