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Table 12 Various robustness checks

From: Measuring expectations from household surveys: new results on subjective probabilities of future house prices

  (1) (2) (3) (4) (5) (6)
Variables No recent buyer variable Risk aversion Wider support
q50 q75-q25 q50 q75-q25 q50 q75-q25
Log (price/m2) 0.182 \(-\)0.014 0.145 \(-\)0.012 0.179 \(-\)0.045
Age 45–64 0.325 \(-\)0.347** 0.326 \(-\)0.301* 0.424 \(-\)0.491**
Age over 64 0.378 0.621*** 0.321 0.514*** 0.493 0.792***
Blue collar 0.530** \(-\)0.199 0.554*** \(-\)0.227* 0.639*** \(-\)0.327*
Self-employed \(-\)0.340 \(-\)0.021 \(-\)0.362 0.007 \(-\)0.379 0.037
Secondary education 0.050 \(-\)0.068 0.022 \(-\)0.055 0.015 \(-\)0.052
University education 0.417 \(-\)0.242 0.353 \(-\)0.197 0.479 \(-\)0.369
Woman 0.381** \(-\)0.041 0.422** \(-\)0.050 0.500** \(-\)0.141
Own other housing \(-\)0.295 \(-\)0.109 \(-\)0.273 \(-\)0.153 \(-\)0.410* \(-\)0.054
Bought main residence recently 0.501* 0.004 0.677** \(-\)0.176
Risk lover \(-\)0.189 0.676
Log (household income) \(-\)0.113 \(-\)0.024 \(-\)0.133 \(-\)0.008 \(-\)0.146 \(-\)0.030
Wealth percentiles 25–50 0.129 \(-\)0.220 0.212 \(-\)0.205 0.261 \(-\)0.364
Wealth percentiles 50–75 0.410 \(-\)0.423** 0.522 \(-\)0.430** 0.623* \(-\)0.635**
Wealth percentiles 75–90 0.430 \(-\)0.233 0.574 \(-\)0.265 0.720* \(-\)0.457
Wealth percentiles 90–100 0.090 \(-\)0.092 0.252 \(-\)0.143 0.310 \(-\)0.167
Constant \(-\)3.392* 4.531*** \(-\)3.256 4.338*** \(-\)3.860* 5.801***
Observations 5023 5023 5004 5004 5023 5023
Adjusted R\(^2\) 0.351 0.432 0.354 0.437 0.359 0.407
  1. *** p \(<\) 0.01, ** p \(<\) 0.05, * p \(<\) 0.1
  2. All specifications include postal dummies and have been estimated taking into account population weights and the five imputed datasets