Note(s): The table defines the variables we access in our analysis and the period in which we have the data. It is panel data with 290 municipalities and 15 years (n = 290 and t = 15). The variables refer to three different definitions of tax subsidies; ROT is the total tax reduction. During three years, the ROT was equal to zero. The variable HP refers to the average price of municipal single-family homes per year. Rentals measures the share of rental apartments in the total housing stock in the municipality per year. The variable Unemp is measured as the percentage of the unemployed in the workforce; Density is measured as the population divided by the geographical size of the municipality, and the variable Urban is calculated as the share of the population living in urbanisation. The control variables also refer to Pop, the population size, Inc, which refers to the average income of the population over 16 years of age, and tax (the total income tax in the county and municipality) in the years in question. Period refers to years (t) to which we have access to data

Source(s): Secondary data from Statistics Sweden and calculations by the authors