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.