Corruption

15.87734

(0.48)

Labor unions

−1.408472

(−0.12)

Pensioners

3430.543

(0.72)

Unemployment

−46.83206

(−0.93)

Pensions as % of GDP

29.75896

(0.51)

Profit tax

14.14703

(0.97)

Public debt

0.437327

(0.08)

Constant

−1604.531

(−0.61)

481.4555

(1.37)

551.8061*

(1.91)

−478.6717

(−0.70)

−413.8976

(−0.18)

298.8397

(0.38)

746.0308

(2.07)

−200.9635

(−0.16)

1066.139

(2.19)

441.9102

(0.80)

−17.44731

(−0.03)

613.0911

(1.57)

Observations

20

19

20

19

19

19

18

19

20

18

20

20

Adjusted R-squared

−0.0140

−0.0352

−0.0475

0.0992

−0.0450

−0.0444

−0.0616

−0.0275

−0.0075

−0.0456

−0.0029

−0.0552