Estimation results with time dummies or without any time treatment are available upon request. Because it is assumed that household disposable incomes are ultimately driven by GDP per capita, the total effects of structural policies on household incomes decompose as follows: i) reform effects on GDP per capita which trickle down to household incomes, referred to as indirect effects and ii) reform effects on household incomes over and above those channelled via GDP - referred to as direct (or additional) effects. By construction, indirect household income effects follow reform effects on GDP per capita while direct household income effects can contrast reform effects on GDP per capita.