Skip to main content

Table 14 Some quantile measures of subjective probability distributions of house prices: (1) no location information, (2) municipality dummies

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

Variables (1) (2) (3) (4) (5) (6)
  No location information Municipality dummies
  q25 q50 q75-q25 q25 q50 q75-q25
Log (price/m2) \(-\)0.237 \(-\)0.074 0.256*** \(-\)0.142 \(-\)0.019 0.148
Age 45–64 0.079 0.113 \(-\)0.061 0.281 0.272 \(-\)0.157
Age over 64 0.398 0.114 \(-\)0.621*** 0.645** 0.481* \(-\)0.473***
Blue collar 0.423 0.387* \(-\)0.118 0.464* 0.412* \(-\)0.188
Self-employed \(-\)0.395 \(-\)0.444 \(-\)0.171 \(-\)0.315 \(-\)0.217 0.032
Secondary education \(-\)0.295 \(-\)0.286 \(-\)0.009 \(-\)0.124 \(-\)0.102 \(-\)0.028
University education 0.421 0.345 \(-\)0.199 0.454 0.396 \(-\)0.177
Woman 0.294 0.226 \(-\)0.161 0.269 0.313* \(-\)0.001
Own other housing \(-\)0.102 \(-\)0.236 \(-\)0.174 \(-\)0.123 \(-\)0.217 \(-\)0.116
Bought main residence recently 0.878** 0.605* \(-\)0.437** 0.753** 0.639** \(-\)0.166
Log (household income) \(-\)0.071 \(-\)0.144 \(-\)0.108 \(-\)0.121 \(-\)0.132 \(-\)0.021
Wealth percentiles 25–50 0.635 0.221 \(-\)0.650*** 0.652* 0.316 \(-\)0.471**
Wealth percentiles 50–75 1.024** 0.474 \(-\)0.833*** 1.056*** 0.583* \(-\)0.642***
Wealth percentiles 75–90 0.954** 0.425 \(-\)0.764*** 0.891** 0.474 \(-\)0.531**
Wealth percentiles 90–100 0.719 0.304 \(-\)0.537* 0.546 0.178 \(-\)0.396
Constant \(-\)3.939* \(-\)1.508 4.314*** 0.723 0.777 0.736
Observations 5023 5023 5023 5023 5023 5023
Adjusted R\(^2\) 0.0116 0.00988 0.0218 0.208 0.209 0.318
  1. All specifications have been estimated taking into account population weights and the five imputed datasets. Columns 1 to 3 include no location dummies and columns 4 to 6 include municipality dummies
  2. *** p \(<\) 0.01, ** p \(<\) 0.05, * p \(<\) 0.1