Annex 3. Fixed effects model: the FAIS impact on income

||_Mean_|||||_Income quanti_|_le_|||||
|---|---|---|---|---|---|---|---|---|---|---|---|
||_Income_|_1_|_2_|_3_|_4_|_5_|_6_|_7_|_8_|_9_|_Gini_|
|FAIS ∞|0.0254**|−0.0119|−0.00320|0.00319|0.00850|0.0137|0.0191*|0.0250**|0.0316***|0.0388***|0.889***|
||(0.0110)|(0.0105)|(0.00995)|(0.00988)|(0.00995)|(0.0101)|(0.0104)|(0.0109)|(0.0115)|(0.0125)|(0.213)|
|Own revenues ∞|−0.00198|0.00784|0.00482|0.00292|0.00139|0.000241|−0.000796|−0.00169|−0.00240|−0.00314|−0.199*|
||(0.00463)|(0.00509)|(0.00469)|(0.00452)|(0.00445)|(0.00445)|(0.00450)|(0.00462)|(0.00485)|(0.00529)|(0.107)|
|Unconditional revenue ∞|0.0262*|0.0170|0.0196|0.0214*|0.0228*|0.0239*|0.0248*|0.0253*|0.0261*|0.0271*|0.286|
||(0.0136)|(0.0140)|(0.0131)|(0.0128)|(0.0127)|(0.0128)|(0.0130)|(0.0134)|(0.0140)|(0.0151)|(0.262)|
|Conditional revenue ∞|−0.0324***|−0.00306|−0.0117|−0.0173**|−0.0218***|−0.0259***|−0.0299***|−0.0340***|−0.0386***|−0.0431***|−0.688***|
||(0.00741)|(0.00807)|(0.00722)|(0.00685)|(0.00668)|(0.00667)|(0.00679)|(0.00708)|(0.00764)|(0.00876)|(0.201)|
|Direct workers ‡|0.265|−0.0759|−0.00797|0.0391|0.0832|0.124|0.168|0.219|0.287|0.387*|9.087***|
||(0.180)|(0.171)|(0.162)|(0.160)|(0.160)|(0.163)|(0.167)|(0.173)|(0.183)|(0.201)|(2.899)|
|Indirect workers ‡|−0.237|−0.506|−0.375|−0.301|−0.262|−0.245|−0.231|−0.223|−0.230|−0.231|3.583|
||(0.272)|(0.346)|(0.311)|(0.292)|(0.282)|(0.278)|(0.276)|(0.275)|(0.279)|(0.286)|(4.748)|
|Productivity per occupied<br>‡‡|−0.00719|−0.0216***|−0.0187***|−0.0164**|−0.0144**|−0.0124*|−0.0104|−0.00838|−0.00591|−0.00271|0.387**|
||(0.00704)|(0.00750)|(0.00682)|(0.00664)|(0.00660)|(0.00669)|(0.00688)|(0.00713)|(0.00751)|(0.00815)|(0.166)|
|Private business assets ‡‡|0.00872|0.0151**|0.0137**|0.0126**|0.0116**|0.0106**|0.00962*|0.00871|0.00747|0.00637|−0.117|
||(0.00569)|(0.00594)|(0.00538)|(0.00519)|(0.00514)|(0.00518)|(0.00533)|(0.00557)|(0.00595)|(0.00658)|(0.130)|
|Semiurban|0.0968**|0.00947|0.0309|0.0462|0.0592|0.0715|0.0834*|0.0955**|0.108**|0.123**|1.870**|
||(0.0452)|(0.0481)|(0.0444)|(0.0431)|(0.0429)|(0.0435)|(0.0443)|(0.0460)|(0.0486)|(0.0524)|(0.951)|
|City|0.114**|0.0788|0.0858*|0.0924*|0.0984**|0.105**|0.111**|0.117**|0.121**|0.124**|0.440|
||(0.0471)|(0.0552)|(0.0507)|(0.0487)|(0.0478)|(0.0477)|(0.0477)|(0.0485)|(0.0501)|(0.0529)|(1.025)|
|Year 2010|−0.0279***|0.0995***|0.0769***|0.0611***|0.0470***|0.0327***|0.0172**|−0.000916|−0.0238***|−0.0606***|−3.894***|
||(0.00760)|(0.00720)|(0.00687)|(0.00684)|(0.00690)|(0.00705)|(0.00723)|(0.00751)|(0.00790)|(0.00855)|(0.136)|
|Year 2014|0.152***|0.119***|0.130***|0.140***|0.149***|0.157***|0.163***|0.168***|0.170***|0.166***|0.452**|
||(0.00882)|(0.00869)|(0.00823)|(0.00812)|(0.00814)|(0.00826)|(0.00846)|(0.00875)|(0.00921)|(0.0100)|(0.178)|
|Constant|7.084***|6.102***|6.367***|6.552***|6.713***|6.864***|7.017***|7.184***|7.389***|7.683***|34.40***|
||(0.0915)|(0.0945)|(0.0886)|(0.0866)|(0.0861)|(0.0865)|(0.0879)|(0.0904)|(0.0946)|(0.102)|(1.793)|
|N|6,143|6,143|6,143|6,143|6,143|6,143|6,143|6,143|6,143|6,143|6,143|
|R-2|0.250|0.123|0.140|0.163|0.188|0.211|0.233|0.253|0.268|0.278|0.300|
|Municipalities|2,154|2,154|2,154|2,154|2,154|2,154|2,154|2,154|2,154|2,154|2,154|

_Note:_ Semiurban refers to municipalities with a population between 2,500 and 15,000. City refers to municipalities with more than 15,000 inhabitants. The average income corresponds to the average per capita household income in each municipality in logarithms. The deciles of income correspond to the cut-off points of dividing in each municipality the households into ten equal groups and is expressed in logarithms. All monetary values were in real terms in August 2014. Fixed effects model by year and municipality for the years 2005, 2010, and 2014. Gini refers to the Gini coefficient.

∞ Fiscal revenue items in the logarithm of the average monthly per capita value three previous years. ‡ Occupied per inhabitant, employees of the economic units or indirect workers, reported in the economic census of the circa year. ‡ ‡ Productivity by the total of occupied and active of the economic units of each municipality. Standard error in parentheses. *** p < .01 ** p < .05 * p < .1 31