Table 6

Summary of results: mass-layoff sample

		DiD		FE		Matching, FE
Sample 1	1 ≤ t^* ≤ 5	−0.229	(0.012)^***	−0.214	(0.007)^***	−0.231	(0.014)^***
	t^*= 1	−0.500	(0.007)^***	−0.497	(0.005)^***	−0.501	(0.010)^***
	t^* = 5	−0.096	(0.028)^***	−0.069	(0.021)^***	−0.136	(0.037)^***
Sample 2	1 ≤ t^* ≤ 5	−0.250	(0.017)^***	−0.245	(0.008)^***	−0.242	(0.015)^***
	t^*= 1	−0.526	(0.010)^***	−0.527	(0.006)^***	−0.535	(0.010)^***
	t^* = 5	−0.097	(0.041)^**	−0.085	(0.024)^***	−0.074	(0.052)
Sample 3	1 ≤ t^* ≤ 5	−0.252	(0.017)^***	−0.249	(0.008)^***	−0.251	(0.012)^***
	t^*= 1	−0.527	(0.010)^***	−0.528	(0.006)^***	−0.518	(0.010)^***
	t^* = 5	−0.097	(0.042)^**	−0.088	(0.024)^***	−0.119	(0.050)^**
Sample 4	1 ≤ t^* ≤ 5	−0.144	(0.019)^***	−0.108	(0.010)^***	−0.122	(0.020)^***
	t^*= 1	−0.455	(0.013)^***	−0.441	(0.007)^***	−0.435	(0.017)^***
	t^* = 5	0.015	(0.049)	0.070	(0.029)^**	0.009	(0.064)
Sample 5 (reemployed by t^* = 1)	1 ≤ t^* ≤ 5	−0.001	(0.026)	0.040	(0.010)^***	0.022	(0.022)
	t^*= 1	−0.046	(0.017)^***	−0.021	(0.010)^**	−0.033	(0.017)*
	t^* = 5	0.069	(0.058)	0.138	(0.029)^***	0.063	(0.048)
Sample 5 (reemployed by t^* = 2)	2 ≤ t^* ≤ 5	−0.133	(0.031)^***	−0.089	(0.013)^***	−0.074	(0.028)^***
	t^*= 1	N/A		N/A		N/A
	t^* = 5	−0.170	(0.064)^***	−0.101	(0.031)^***	−0.122	(0.061)^**

a. Number reported is the cost per year as a proportion of the income of the control group at the same point in time.
b. Robust standard errors in parentheses; standard errors for matching estimators are bootstrapped (50 replications).
↵*** significant at 1 percent;
↵** significant at 5 percent;
↵* significant at 10 percent.
c. DiD and FE estimates include measures of sex, age, region, occupation, industry, union coverage, firm size and calendar time.