\begin{table}[!ht]
\caption{Samples key variables averages (prices in current dollars)}\label{table:sumstat}
\centering
\begin{tabular}{|l l l l l l|}
\hline \hline
& \multicolumn{2}{c}{\textbf{Treatment}} & \textbf{Comparison} & \multicolumn{2}{c|}{\textbf{Total Sample}} \\
\cline{2-3} \cline{4-4} \cline{5-6}
& \textbf{Neighbor (1)} & \textbf{Focal (2)} & \textbf{Control (3)} & \textbf{Mean (4a)} & \textbf{Std. Dev. (4b)} \\ \hline
\textbf{Population} &  18873.22 &  19124.28 &  17958.47 &  19269.70 & ( 10148.61) \\
\textbf{Pop. growth \%} &      1.02 &      1.02 &      0.96 &      1.08 & (     5.10) \\
\textbf{FPM revenue \% of rev.} &    116.68 &    115.56 &    119.13 &    115.73 & (    41.32) \\
\textbf{Local taxes \% of rev.} &      5.67 &      5.66 &      5.25 &      5.59 & (    10.34) \\
\textbf{FPM p.c.} &    576.59 &    573.77 &    578.64 &    571.42 & (   153.60) \\
\textbf{Total revenues p.c.} &    557.28 &    564.64 &    554.49 &    563.04 & (   299.91) \\
\textbf{Public expenditures p.c.} &    543.15 &    549.55 &    538.87 &    547.54 & (   273.75) \\
\textbf{Education expenditures p.c.} &    177.91 &    180.61 &    176.92 &    181.08 & (    86.76) \\
\textbf{Pub. wage bill p.c.} &    251.00 &    253.77 &    251.71 &    253.38 & (   129.63) \\
\textbf{Public Sector empl.} &    473.60 &    483.76 &    455.29 &    486.16 & (   345.64) \\
\textbf{Private Sector empl.} &    547.13 &    566.77 &    484.02 &    541.49 & (  1974.17) \\
\textbf{Number of firms} &    102.95 &    105.28 &     92.31 &    101.82 & (   227.02) \\
\textbf{Observations} & 70016 & 70016 & 51216 & 203456 & \\ \hline \hline
\end{tabular}\par
\begin{tablenotes}\footnotesize
\item Auto-generated from \texttt{descstats-TWFE.do}. Column 1 = neighbor-side variables of pair-years belonging to upevent-treated pairs; Column 2 = same pair-years, focal-side (T\_*) variables; Column 3 = never-treated pair-years; Column 4 = the full Nyears$\geq$7 sample; (4b) is the standard deviation on that full sample.
\end{tablenotes}\end{table}