# RDP 2021-08: Job Loss, Subjective Expectations and Household Spending Appendix B: Full Regression Output

Table B1: Model Output
Unemployment, expectations and spending
Dependent variable Groceries Meals eaten outside the home Total expenditure
Unemployed $\left(\delta \right)$ −0.05***
(0.01)
−0.44***
(0.05)
−0.06**
(0.03)
Unemployed * lagged job loss probability $\left(\varphi \right)$ −0.04
(0.04)
0.08
(0.15)
−0.02
(0.07)
Lagged job loss probability$\left(\rho \right)$ −0.01
(0.01)
−0.06**
(0.02)
−0.04**
(0.02)
Square root (number of household members) 0.68***
(0.01)
0.20***
(0.02)
0.47***
(0.02)
Year (base = 2006)
2007 0.10***
(0.01)
0.07***
(0.03)
0.04***
(0.01)
2008 0.16***
(0.01)
0.05*
(0.03)
0.10***
(0.01)
2009 0.17***
(0.01)
0.07**
(0.03)
0.07***
(0.01)
2010 0.19***
(0.01)
0.15***
(0.03)
0.13***
(0.01)
2011 0.24***
(0.01)
0.25***
(0.03)
2012 0.24***
(0.01)
0.28***
(0.03)
2013 0.25***
(0.01)
0.27***
(0.03)
2014 0.27***
(0.01)
0.35***
(0.03)
2015 0.28***
(0.01)
0.38***
(0.03)
2016 0.28***
(0.01)
0.43***
(0.03)
2017 0.28***
(0.01)
0.40***
(0.03)
2018 0.27***
(0.01)
0.42***
(0.03)
2019 0.30***
(0.01)
0.47***
(0.03)
Constant 3.80***
(0.01)
3.75***
(0.04)
9.63***
(0.03)
Fixed effects Yes Yes Yes
R squared (overall) 0.20 0.02 0.07
Observations 96,060 91,461 30,558

Notes: ***, ** and * denote statistical significance at the 1, 5 and 10 per cent levels, respectively; p-values are in parentheses

Sources: Authors' calculations; HILDA Survey Release 19.0