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Table 2 Observed answers and characteristics: multiple regressions

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

Variables (1) (2) (3) (4) (5)
dk/na \(+\) or \(-\) same Points to increase (\(\times \)10) Points to drop (\(\times \)10) All points to one drop interval
Woman 0.025** \(-\)0.010 0.959 \(-\)1.785 \(-\)0.032**
Secondary educ. \(-\)0.010 0.019 \(-\)0.661 0.638 0.017
University educ. \(-\)0.005 0.052 \(-\)1.938 \(-\)2.218 \(-\)0.028
Age 35–44 0.001 \(-\)0.009 \(-\)1.148 6.966 0.053
Age 45–54 0.043*** 0.028 \(-\)0.694 \(-\)0.171 0.034
Age 55–64 0.034* 0.086* \(-\)1.906 \(-\)3.583 0.042
Age over 64 0.061*** 0.081* \(-\)3.105 \(-\)3.703 0.036
Blue collar 0.005 0.026 \(-\)0.223 \(-\)2.910 \(-\)0.018
Self-employed \(-\)0.008 0.021 \(-\)1.463 1.785 \(-\)0.015
Log (hh income) \(-\)0.020** 0.002 \(-\)0.461 2.608* 0.013
Wealth percentiles      
   25–50 \(-\)0.003 0.009 \(-\)0.512 \(-\)1.857 0.041
   50–75 \(-\)0.024 0.041 0.034 \(-\)3.903 0.021
   75–90 \(-\)0.005 0.017 0.265 \(-\)1.987 0.024
   90–100 \(-\)0.010 0.002 \(-\)0.520 \(-\)0.845 \(-\)0.011
Bought main recently \(-\)0.004 0.010 2.858** \(-\)4.256 \(-\)0.008
Own other housing \(-\)0.004 \(-\)0.014 \(-\)0.402 2.609 0.064***
Constant 0.233** 0.142 11.323 27.260 \(-\)0.050
Observations 5326 5326 5326 5326 5326
  1. t-statistics in parentheses
  2. All specifications include postal dummies and have been estimated taking into account population weights and the five imputed datasets
  3. *** p \(<\) 0.01, ** p \(<\) 0.05, * p \(<\) 0.1