Labour market flexibility, productivity and employment.pptVIP

External labour market flexibility: boosting productivity? Robert Vergeer Tel: +31 (0)88 86 62 995 Email: robert.vergeer@tno.nl * * * Artikel Bas Heine * * * * * * * * * * * * * * * * Jud-ging significance from the average z-value would lead us to be over-confident in the significance of the estimates, while taking the average p-value, would lead us to under-estimate the significance of the coefficient. The following example illustrates this. Suppose that two of our rolling-regressions result in pairs of (z,p) values of (z,p)1=(0,1) and (z,p)2=(4,0.01). This would imply ave-rage values of (z,p