Table 5.
OLS regression of TVI-COVID on labor market deterioration.
| Specification 1: Dependent isΔ % Employment | ||||
|---|---|---|---|---|
| Variable | Coefficient | Std. Error | t-Statistic | Prob. |
| Intercept | −0.019091 | 0.005353 | −3.566619 | 0.0008 |
| TVI-COVID | −0.063506 | 0.014651 | −4.334689 | 0.0001 |
| R-squared | 0.281324 | F-statistic | 18.78952 | |
| Adjusted R-squared | 0.266352 | Prob(F-statistic) | 0.000074 | |
|
| ||||
|---|---|---|---|---|
| Specification 2: Dependent is %ERTE | ||||
| Variable | Coefficient | Std. Error | t-Statistic | Prob. |
| Intercept | 0.077776 | 0.010379 | 7.493358 | 0.0000 |
| TVI-COVID | 0.227280 | 0.028409 | 8.000304 | 0.0000 |
| R-squared | 0.571447 | F-statistic | 64.00487 | |
| Adjusted R-squared | 0.562519 | Prob(F-statistic) | 0.000000 | |
Notes: Δ % Employment – relative change in employment (Social Security registration) between 20th April 2020 and the same date, previous year; % ERTE – percentage change in ERTE over total employment on 20th April 2020.
Source: own elaboration.