Incidence of LTU | 494 | 0.425 | 0.132 | 0.095 | 0.763 |
GDP growth rate | 589 | 0.051 | 0.066 | −0.304 | 0.349 |
Inflation rate | 583 | 0.026 | 0.033 | −0.017 | 0.457 |
NEET | 557 | 14.649 | 5.455 | 4.100 | 32.500 |
Skill mismatch | 520 | 14.518 | 8.084 | 0.772 | 43.126 |
Matching efficiency | 280 | 0.680 | 0.528 | 0.159 | 4.615 |
Tax wedge | 504 | 37.532 | 7.358 | 11.900 | 51.400 |
LMP | 446 | 0.371 | 0.289 | 0.033 | 2.129 |
Training | 450 | 0.048 | 0.052 | 0.000 | 0.315 |
Employment incentives | 448 | 0.036 | 0.040 | 0.000 | 0.219 |
Supported employment and rehabilitation | 367 | 0.037 | 0.066 | 0.000 | 0.493 |
Direct job creation | 382 | 0.024 | 0.039 | 0.000 | 0.328 |
Start-up incentives | 405 | 0.004 | 0.006 | 0.000 | 0.035 |
Unemployment benefits | 456 | 0.263 | 0.211 | 0.021 | 1.283 |
Lag of LTU | 0.562 | 0.540 | 0.60 | 0.420 | 0.441 |
Lag of GDP growth | −0.164 | −0.030 (0.080) | −0.30 | 0.510 | −0.164 (0.135) |
ALMP | |||||
Training | −0.666 | −0.620 | −0.46 (0.400) | −2.750 | −0.431 (0.618) |
Employment incentives | −0.180 (0.373) | −0.170 (0.410) | −0.25 (0.300) | 1.060 (1.040) | −0.223 (0.587) |
Supported employment and rehabilitation | 0.578 (0.582) | 0.750 (0.580) | −0.21 (0.590) | 1.350 (1.130) | 1.355 (1.756) |
Direct job creation | −0.280 (0.797) | −1.010 (0.820) | −0.24 (0.820) | 0.390 (2.120) | −1.962 (1.489) |
Start-up incentives | −3.411 | −3.530 | −2.97 | −9.190 | −4.240 |
Unemployment benefits | 0.020 (0.130) | −0.020 (0.130) | 0.03 (0.140) | −0.990 (0.700) | |
Skill mismatches | 0.003 | 0.003 | 0.003 | 0.004 (0.003) | 0.003 |
Matching efficiency | −0.042 | −0.040 | −0.04 | −0.200 | −0.432 |
Employment Protection | 0.005 (0.035) | ||||
N | 136 | 116 | 136 | 60 | 134 |
Lag of LTU | 0.813 | 0.785 | 0.740 | 0.656 | 0.722 | 0.802 | 0.763 |
Lag of GDP growth | −0.245 (0.039) | −0.247 | −0.269 | −0.111 | −0.248 | −0.282 | |
Inflation rate | −0.041 (0.095) | ||||||
Skill mismatches | 0.003 | ||||||
Matching efficiency | −0.079 | ||||||
NEET | 0.009 | ||||||
TAX wedge | 0.002 (0.001) | ||||||
Labor market policies | −0.119 | ||||||
N | 456 | 453 | 429 | 256 | 439 | 362 | 368 |
Belgium | 2010Q1–2019Q1 | 29.9 | 2.2 | 0.87 |
Bulgaria | 2005Q1–2019Q1 | 17.4 | 1.5 | 0.59 |
Cyprus | 2005Q1–2019Q1 | 34 | 2.8 | 0.75 |
Czech Republic | 2008Q1–2019Q1 | 28.3 | 1.4 | 0.82 |
Denmark | 2010Q1–2019Q1 | 51.2 | 3.3 | 0.76 |
Germany | 2006Q1–2019Q1 | 30.6 | 1.6 | 0.79 |
Spain | 2001Q1–2019Q1 | 35.4 | 5.2 | 0.3 |
Estonia | 2008Q3–2019Q1 | 38.8 | 3.4 | 0.52 |
Finland | 2003Q1–2019Q1 | 57.5 | 5.1 | 0.8 |
United Kingdom | 2001Q2–2019Q1 | 48 | 2.9 | 0.54 |
Greece | 2009Q1–2019Q1 | 11.9 | 2.5 | 0.73 |
Croatia | 2012Q1–2019Q1 | 19.4 | 2.4 | 0.32 |
Hungary | 2006Q1–2019Q1 | 24 | 1.8 | 0.61 |
Ireland | 2008Q1–2019Q2 | 24.9 | 2.4 | 0.59 |
Latvia | 2005Q1–2019Q1 | 27.2 | 3.1 | 0.59 |
Lithuania | 2004Q1–2019Q1 | 29.3 | 2.8 | 0.67 |
Norway | 2009Q1–2019Q1 | 51.6 | 2 | 0.72 |
Poland | 2007Q1–2019Q1 | 30.3 | 2.3 | 0.72 |
Portugal | 2001Q1–2019Q1 | 23 | 2.5 | 0.64 |
Romania | 2009Q4–2019Q1 | 27 | 1.8 | 0.64 |
Slovakia | 2004Q1–2019Q1 | 12.4 | 1.4 | 0.6 |
Slovenia | 2008Q1–2019Q1 | 22.9 | 1.8 | 0.57 |
Sweden | 2009Q1–2019Q1 | 51.8 | 4.3 | 0.95 |
Lag of LTU | 0.794 | 0.777 | 0.837 | 0.812 | 0.824 | 0.562 |
Lag of GDP growth | −0.277 | −0.267 | −0.263 | −0.263 | −0.267 | −0.164 |
ALMP | ||||||
Training | −0.496 | −0.666 | ||||
Employment incentives | −0.625 | −0.180 (0.373) | ||||
Supported employment and rehabilitation | −0.213 | 0.578 (0.582) | ||||
Direct job creation | −0.103 (0.091) | −0.280 (0.797) | ||||
Start-up incentives | −1.398 | −3.411 | ||||
Unemployment benefits | 0.024 (0.133) | |||||
Skill mismatches | 0.003 | |||||
Matching efficiency | −0.042 | |||||
N | 372 | 370 | 290 | 327 | 339 | 136 |
Mean | 0.42 | 0.05 | 0.03 | 14.52 | 0.68 | 14.65 | 37.53 | 0.37 |
Std. Dev. | 0.13 | 0.07 | 0.03 | 8.08 | 0.53 | 5.46 | 7.36 | 0.29 |
Min | 0.09 | −0.3 | −0.02 | 0.77 | 0.16 | 4.1 | 11.9 | 0.03 |
Max | 0.76 | 0.35 | 0.46 | 43.13 | 4.61 | 32.5 | 51.4 | 2.13 |
Correlation Matrix | ||||||||
LTU | 1.00 | |||||||
Growth rate (lagged) | −0.03 | 1.00 | ||||||
Inflation rate | −0.14 | 0.44 | 1.00 | |||||
Skill mismatch | 0.41 | 0.12 | 0.13 | 1.00 | ||||
Matching efficiency | −0.37 | 0.02 | 0.08 | −0.24 | 1.00 | |||
NEET rate | 0.66 | −0.17 | −0.08 | 0.47 | −0.01 | 1.00 | ||
Tax wedge | 0.01 | 0.03 | 0.17 | 0.18 | −0.16 | −0.08 | 1.00 | |
LMP | −0.51 | −0.10 | −0.13 | −0.26 | 0.24 | −0.49 | −0.05 | 1.00 |