** What does the values in red circles represent?**

Please, can you explain me what are these values in red circles representing?


1 Answer 1


They are most likely standard errors of the estimates, it is a convention in some subfields of economics to report standard errors in brackets under the mean estimates in brackets.

  • 2
    $\begingroup$ Sometimes they are t-statistics, but this particular example has magnitudes that suggest they are indeed standard errors. $\endgroup$ Commented Nov 9, 2021 at 23:42

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