Labor unions

0.3499813

(0.73)

Pensioners

−148.5361

(−0.75)

Unemployment

0.2284187

(0.11)

Pensions as % of GDP

5.670439***

(2.93)

Profit tax

1.053953*

(1.88)

Constant

−56.14665

(−0.53)

46.38795***

(3.30)

63.9783***

(5.37)

−13.36755

(−0.55)

213.592**

(2.41)

89.49843

(2.76)

55.36742***

(3.84)

100.3165*

(1.97)

59.51901***

(2.90)

13.71019

(0.75)

12.61532

(0.47)

Observations

20

19

20

19

19

19

18

19

20

18

20

Adjusted R-squared

0.0120

0.0387

−0.0521

0.3382

0.0962

−0.0154

−0.0279

−0.0249

−0.0549

0.3092

0.1172