RDP 2013-04: Home Prices and Household Spending Appendix B: Regression Output – Home-price Model
April 2013 – ISSN 1320-7229 (Print), ISSN 1448-5109 (Online)
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| Parameters | Coefficients | Parameters | Coefficients |
|---|---|---|---|
| Δ(irt) | −0.068*** (−8.92) |
8 |
0.129*** (5.85) |
| age | 0.825*** (5.19) |
9 |
0.142*** (6.26) |
| age2 | −0.029*** (−4.81) |
10 |
0.181*** (8.39) |
| age3 | 0.001*** (4.47) |
11 |
0.197*** (8.90) |
| age4 | −0.000*** (−4.18) |
12 |
0.173*** (8.04) |
| age5 | 0.000*** (3.92) |
13 |
0.216*** (9.64) |
| urt | −0.085*** (−11.48) |
14 |
0.255*** (10.64) |
| Dummy: log real financial asset vigintile: |
15 |
0.211*** (9.04) |
|
| 2 | 0.079*** (3.49) |
16 |
0.243*** |
| 3 | 0.040* (1.87) |
17 |
(10.62) 0.278*** |
| 4 | 0.049** (2.20) |
18 |
(12.16) 0.274*** |
| 5 | 0.115*** (5.20) |
19 |
(11.37) 0.338*** |
| 6 | 0.103*** (4.71) |
20 |
(13.15) 0.455*** |
| 7 | 0.142*** (6.25) |
(16.90) |
|
| Constant | 4.560*** (2.84) |
Obs Adj R2 |
12,824 0.538 |
|
Notes: ***, ** and * indicate significance at the 1, 5 and 10 per cent level, respectively; t statistics in parentheses; dependent variable: ln(HPit); regional dummy variables and dummies for real disposable income vigintiles omitted from table Sources: HILDA Release 10.0; authors' calculations |
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