Country and education | Seasonally unadjusted VAR | Seasonally adjusted VAR | |||
Lags | OIRF | 95% CI | OIRF | 95% CI | |
Finland | |||||
Tertiary | 1 | 0.004 | −0.028 to 0.036 | −0.002 | −0.034 to 0.029 |
Secondary | 1 | 0.028 | 0.004 to 0.053 | 0.023 | 0.000 to 0.046 |
Basic | 1 | 0.008 | −0.009 to 0.025 | 0.000 | −0.015 to 0.016 |
All | 1 | 0.016 | 0.001 to 0.030 | 0.007 | −0.005 to 0.019 |
Sweden | |||||
Tertiary | 1 | 0.002 | −0.096 to 0.101 | 0.011 | −0.068 to 0.090 |
Secondary | 3 | −0.020 | −0.041 to 0.002 | −0.020 | −0.041 to 0.002 |
Basic | 1 | −0.022 | −0.048 to 0.004 | 0.006 | −0.016 to 0.027 |
All | 1 | −0.003 | −0.022 to 0.017 | 0.012 | −0.003 to 0.028 |
Model estimates in bold indicate models with a better fit according to Schwarz Bayesian, Hannan-Quinn and Akaike information criteria.
OIRF, orthogonalised impulse response function; VAR, vector autoregressive.