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

Table 1 Descriptive statistics, 2005-2009

	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

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.