Table 2. Who experienced income and work hour changes, and/or job loss during the Great Recession? Differences relative to uneducated men aged between 45 and 50 and living in London.
(1) | (2) | (3) | |
---|---|---|---|
From 2006/7 to 2009/10 | |||
VARIABLES | Change in log household income |
Unemployment | Work hours |
Pre-recession demographic characteristics T-1 | |||
Age | -0.009** | -0.011** | -0.586** |
(0.003) | (0.001) | (0.048) | |
Age-Squared/1000 | 0.055* | 0.068** | 5.080** |
(0.026) | (0.010) | (0.439) | |
Female | 0.011 | -0.037** | 0.836** |
(0.016) | (0.006) | (0.296) | |
Excluded dummy: No qualifications | |||
Degree | 0.045* | -0.086** | -0.126 |
(0.023) | (0.010) | (0.461) | |
Other higher degree | -0.002 | -0.082** | -0.732 |
(0.028) | (0.010) | (0.546) | |
A-levels etc. | 0.010 | -0.057** | -0.643 |
(0.026) | (0.010) | (0.455) | |
O-levels etc. | -0.030 | -0.036** | -0.712 |
(0.023) | (0.009) | (0.399) | |
Other qualification | 0.005 | 0.021 | -2.408** |
(0.039) | (0.020) | (0.844) | |
Missing Education | 0.133 | -0.003 | -1.684 |
(0.110) | (0.030) | (1.352) | |
Excluded regional dummy: London | |||
The North | -0.097* | 0.005 | -0.605 |
(0.044) | (0.017) | (0.753) | |
Midlands and the East | -0.166** | 0.005 | -0.335 |
(0.045) | (0.017) | (0.782) | |
The South | -0.155** | -0.030† | 0.474 |
(0.043) | (0.016) | (0.758) | |
Wales | -0.112** | 0.002 | -0.640 |
(0.043) | (0.016) | (0.745) | |
Scotland | -0.066 | -0.005 | -0.573 |
(0.044) | (0.016) | (0.746) | |
Northern Ireland | -0.183** | -0.020 | -0.338 |
(0.044) | (0.016) | (0.757) | |
Region missing | -0.272* | -0.017 | -6.725 |
(0.134) | (0.082) | (4.075) | |
Constant | 0.598** | 0.498** | 14.388** |
(0.083) | (0.033) | (1.431) | |
Adjusted R-Squared | .014 | .082 | .030 |
Observations | 8661 | 8661 | 8661 |
Robust standard errors in parentheses
** p<0.01,
* p<0.05,
† p<0.1