Table 5

Summary of results: firm closure sample

		DiD		FE		Matching, FE
Sample 1	1 ≤ t^* ≤ 5	−0.334	(0.013)^***	−0.323	(0.008)^***	−0.323	(0.013)^***
	t^*= 1	−0.542	(0.008)^***	−0.541	(0.005)^***	−0.548	(0.010)^***
	t^* = 5	−0.206	(0.030)^***	−0.189	(0.022)^***	−0.200	(0.037)^***
Sample 2	1 ≤ t^* ≤ 5	−0.346	(0.018)^***	−0.349	(0.009)^***	−0.328	(0.017)^***
	t^*= 1	−0.557	(0.011)^***	−0.564	(0.006)^***	−0.546	(0.012)^***
	t^* = 5	−0.213	(0.044)^***	−0.215	(0.025)^***	−0.173	(0.053)^***
Sample 3	1 ≤ t^* ≤ 5	−0.349	(0.018)^***	−0.352	(0.009)^***	−0.331	(0.016)^***
	t^*= 1	−0.557	(0.011)^***	−0.564	(0.006)^***	−0.550	(0.014)^***
	t^* = 5	−0.217	(0.045)^***	−0.220	(0.026)^***	−0.209	(0.051)^***
Sample 4	1 ≤ t^* ≤ 5	−0.177	(0.024)^***	−0.139	(0.013)^***	−0.184	(0.024)^***
	t^*= 1	−0.422	(0.018)^***	−0.411	(0.010)^***	−0.411	(0.020)^***
	t^* = 5	−0.043	(0.063)	0.012	(0.037)	−0.037	(0.069)
Sample 5 (reemployed by t^* = 1)	1 ≤ t^* ≤ 5	−0.014	(0.035)	0.051	(0.014)^***	0.021	(0.026)
	t^*= 1	−0.013	(0.022)	0.013	(0.013)	−0.004	(0.023)
	t^* = 5	−0.008	(0.075)	0.101	(0.040)^**	0.053	(0.073)
Sample 5 (reemployed by t^* = 2)	2 ≤ t^* ≤ 5	−0.135	(0.037)^***	−0.065	(0.018)^***	−0.061	(0.034)*
	t^*= 1	N/A		N/A		N/A
	t^* = 5	−0.144	(0.072)^**	−0.036	(0.044)	−0.031	(0.073)

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.