Table 3.

Differences in Socio-Economic Characteristics by Incidence of Layoff and Business Closed Since First Interview

	Ever had layoff			Ever had business closed
	No	Yes	T-test	No	Yes	T-test
Age	63.81	64.45	3.975	63.84	64.57	3.679
Male	0.521	0.511	−0.415	0.522	0.492	−1.002
High school	0.606	0.550	−2.389	0.592	0.657	2.194
College	0.291	0.294	0.110	0.303	0.180	−4.469
Black	0.084	0.059	−1.866	0.080	0.084	0.283
Hispanic	0.062	0.071	0.747	0.060	0.103	2.912
Mother worked	0.547	0.603	1.825	0.544	0.668	3.203
# inf. in child	1.401	1.301	−1.561	1.387	1.375	−0.152
Child health v.good	0.825	0.833	0.308	0.829	0.803	−0.912
# health cond.	0.302	0.284	−0.517	0.303	0.262	−0.942
1+ parent smoke	0.711	0.737	0.915	0.714	0.723	0.263
# of marriage	1.378	1.419	1.178	1.375	1.477	2.333
# of children	2.460	2.465	0.067	2.455	2.516	0.658
Age first child	24.67	24.75	0.31	24.78	23.73	−3.41
Mother education	10.51	10.59	0.467	10.57	10.097	−2.088
Father education	10.063	10.291	1.159	10.152	9.522	−2.511
Primary industry	0.075	0.102	2.091	0.079	0.075	−0.221
Secondary industry	0.304	0.339	1.536	0.300	0.401	3.494
Tertiary industry	0.621	0.558	−2.614	0.620	0.523	−3.190
Manual occupation	0.268	0.250	−0.825	0.259	0.334	2.725

Sample weights used. The sample is restricted to respondents who are employed at the first observation. In the sample, when restricting to those with non-missing information, we have 2,572 observations with 434 layoff and 248 business closed