Table:
initial timing of response, net-of-tax shares
delayed timing of response, net-of-tax shares

marginal
average
marginal and average
marginal and average
marginal
average
marginal and average
marginal and average

coefficient estimates

panel a: intensive margin

marginal net-of-tax share
1.004
..
0.573
-0.112
-0.276
..
-0.178
-0.122

average net-of-tax share
..
1.838
1.293
0.421
..
-0.457
-0.288
-0.208

total after-tax income
..
..
..
0.028
..
..
..
-0.134

panel b: extensive margin

marginal net-of-tax share
0.202
..
0.145
0.011
-0.033
..
-0.018
-0.019

average net-of-tax share
..
0.148
0.104
-0.005
..
-0.033
-0.028
-0.028

total after-tax income
..
..
..
-0.015
..
..
..
-0.006

Statement: for each 1% increase in the average net-of-tax share, labour income is estimated to increase by approximately 0.421% in the preferred model specification.
Question: for each 1% increase in the average net-of-tax share, what is estimated increase of labour income in the preferred model specification?
Answer: [0.421]