Table 4.

The effects of unemployment expectations shocks on mother’s psychological distress score (Kessler 6).

	Model Excluding Local Labor Market Controls	Model Including Local Labor Market Controls
A: “Expectations shock”: top 25th percentile
Expectations shock	0.061 **	0.077 **
	(0.031)	(0.032)
Post-crisis	0.104 ***	0.098 ***
	(0.028)	(0.029)
DID	−0.069	−0.074
	(0.055)	(0.056)
$H_1$: DID > 0 (p-value)	0.893	0.909
R-Square	0.061	0.062
N	9562	9562
B: “Expectations shock”: >average
Expectations shock	−0.022	−0.018
	(0.025)	(0.026)
Post-crisis	0.092 ***	0.087 ***
	(0.032)	(0.032)
DID	−0.004	−0.006
	(0.044)	(0.044)
$H_1$: DID > 0 (p-value)	0.534	0.555
R-Square	0.061	0.061
N	9562	9562

Notes: Estimated OLS coefficients are presented with standard errors in parentheses. All models control for demographic, financial, and regional variables, unless otherwise indicated. Complete regression results can be found in Table S8. *, **, *** indicate significance at the 10%, 5%, and 1% levels respectively.