Tables and Figures (continued)
| Employment(1) | Hours Worked(2) | Studying(3) | Unemployed(4) | Inactive(5) | Received Benefits(6) | Log Labour Earnings(7) | Log Total Income(8) | |
|---|---|---|---|---|---|---|---|---|
| Age 16-71* | ||||||||
| 2001 | 0.016(0.016) | 0.087(0.682) | -0.012(0.011) | 0.012(0.008) | 0.017*(0.009) | 0.043**(0.018) | 0.284***(0.053) | 0.199***(0.045) |
| 2002 | -0.002(0.018) | 1.789**(0.746) | -0.012(0.013) | -0.002(0.011) | 0.018*(0.010) | 0.065***(0.022) | 0.358***(0.067) | 0.300***(0.056) |
| 2003 | -0.021(0.022) | 1.519(0.921) | 0.001(0.016) | -0.013(0.013) | 0.023*(0.013) | 0.084***(0.026) | 0.407***(0.081) | 0.187***(0.067) |
| Age 18-19* | ||||||||
| 2001 | 0.030**(0.015) | -0.569(0.691) | -0.030***(0.011) | -0.002(0.009) | 0.014(0.012) | -0.023(0.020) | 0.048(0.047) | -0.011(0.047) |
| 2002 | 0.036**(0.015) | -0.295(0.804) | -0.030**(0.012) | -0.013(0.011) | 0.012(0.013) | -0.017(0.024) | -0.056(0.063) | -0.047(0.060) |
| 2003 | 0.029(0.020) | 0.755(1.152) | -0.023(0.017) | -0.019(0.013) | 0.002(0.016) | -0.046(0.029) | -0.055(0.075) | -0.183**(0.076) |
| Age 20-21* | ||||||||
| 2001 | 0.050***(0.013) | -0.127(0.538) | -0.034***(0.010) | 0.001(0.007) | 0.001(0.010) | 0.004(0.017) | 0.024(0.070) | 0.131***(0.041) |
| 2002 | 0.023(0.015) | 0.542(0.560) | -0.003(0.014) | -0.006(0.009) | 0.003(0.012) | -0.004(0.024) | 0.074(0.059) | 0.026(0.060) |
| 2003 | 0.012(0.023) | 0.907(0.779) | -0.028*(0.017) | -0.004(0.011) | 0.031*(0.017) | 0.006(0.025) | 0.019(0.075) | -0.007(0.082) |
| F-statistics(Time trends) | 2.49(0.01) | 1.01(0.44) | 5.85(0.00) | 2.14(0.02) | 1.99(0.03) | 5.31(0.00) | 4.99(0.00) | 5.20(0.00) |
| Observations | 125,422 | 70,707 | 125,422 | 125,422 | 125,422 | 31,354 | 17,301 | 31,354 |
| R-squared | 0.11 | 0.20 | 0.37 | 0.02 | 0.09 | 0.11 | 0.38 | 0.36 |
Notes: Coefficients followed by one, two, and three stars are significantly different from zero at the 10, 5, and 1 percent level, respectively. Huber-White robust standard errors, which allow for arbitrary correlation in individual error terms within age-quarter cells, are in parentheses, except probability values for the F-statistics. Regressions in columns (1)-(5) include single age-specific, quarter-specific effects, other covariates, age-specific seasonal effects and linear quarterly time-trends (as specified in table 4, column (7)); those in columns (6)-(8) are estimated using annual data and thus include single age-specific and year-specific effects, other covariates, and age-specific linear annual time-trends. The F-statistics test the joint significance of the age-specific linear time trends.
