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.