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Table 1 Descriptive statistics, 2005-2009

From: Earned income tax credits, unemployment benefits and wages: empirical evidence from Sweden

  Year 2005 2006 2007 2008 2009
Monthly wage Mean 24 205 25 115 25 795 27 115 27 991
  St Dev 11 591 12 171 12 229 12 527 12 590
  Min 10 000 12 000 12 000 12 000 12 000
  Max 1 043 707 1 232 252 960 882 736 626 668 145
Wage growth Mean .037 .044 .041 .058 .037
  St Dev .117 .120 .125 .124 .119
  Min -2.141 -2.086 -1.940 -2.004 -2.196
  Max 2.340 2.477 1.754 2.014 2.310
Net replacement rate Mean .710 .697 .630 .603 .582
  St Dev .129 .133 .131 .132 .133
  Min .032 .023 .019 .024 .031
  Max .860 .859 .795 .795 .795
Net replacement rate growth Mean   -.016 -.072 -.032 -.023
  St Dev   .051 .056 .056 .056
  Min   -.571 -.654 -.567 -.575
  Max   .614 .434 .505 .579
Progressivity variable Mean .871 .868 .858 .851 .864
  St Dev .090 .088 .097 .100 .092
  Min .672 .666 .647 .641 .637
  Max 1 1 1 1 1
Change in progressivity variable Mean   -.004 -.012 -.009 .012
  St Dev   .067 .068 .073 .080
  Min   -.314 -.338 -.354 -.350
  Max   .319 .326 .339 .346
Local unemployment Mean .059 .053 .039 .037 .059
  St Dev .016 .015 .012 .012 .018
  Min .023 .021 .013 .009 .018
  Max .141 .115 .089 .094 .138
Hours worked Mean .896 .898 .898 .897 .897
  St Dev .215 .215 .214 .217 .216
  Min .010 .006 .010 .004 .010
  Max 1.000 1.000 1.000 1.000 1.000
Age Mean 42.073 42.000 41.926 41.936 42.211
Male Mean .500 .506 .501 .503 .498
Max observations   119 438 119 236 124 426 122 977 119 296
  1. Note: The net replacement rate and the progressivity variable are based on wage predictions according to equation (14). Local unemployment is calculated as the unemployment-to-population ratio. Both openly unemployed and participants in labour market programmes are counted as unemployed.