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Table 2 List of Variables and descriptive statistics

From: Diversity of experience and labor productivity in creative industries

Variables

Measured as

Mean

SD

Min.

Max.

Outcome variables

     

Avg_Prod (000)

Value added per labor

937.217

7396.918

0.094

809,103.1

Wages (00)

Average yearly wage in the plant

3865.126

1366.513

3.667

25,718.73

Diversity and relatedness measures

     

FRACT_occu

1 minus the Herfindahl index of the diversity of occupation experience

0.641

0.206

0

0.959

FRACT_ind

1 minus the Herfindahl index of the diversity of industry experience

0.568

0.245

0

0.976

Occ_R

Share with related occupation experience

0.44

0.231

0

1

Occ_U

Share with unrelated occupation experience

0.313

0.238

0

1

Ind_R

Share with related industry experience

0.318

0.229

0

1

Ind_U

Share with unrelated industry experience

0.337

0.255

0

1

Occ_Ind_R

Share with related occupation and industry experience

0.161

0.165

0

1

Occ_Ind_U

Share with unrelated occupation and industry experience

0.149

0.177

0

1

Control variables

     

K (000)

Capital

29,533.66

1,137,329

0

1.80E + 08

L

Labor–plant size

20.859

57.582

3

3331

FRACT_Edu

1- the Herfindahl index of the diversity of education tracks

0.578

0.215

0

0.91

Edu

Share with at least a 3-year university degree

0.352

0.296

0

1

Change_LA

Share who have worked in another labor market

0.221

0.221

0

1

Age

Years of operation

12.577

8.17

1

30

Multiplant

Dummy = 1 if the firm has more than 1 plants

0.297

0.457

0

1

Den

Population per square kilometer

1575.774

1943.169

0.2

5496.4

  1. All independent variables are measured at time t, besides the diversity and relatedness which are measured in t-1, to allow time for the knowledge spillovers to take place. All monetary values are in SEK