Table 7.

Probability of Likely Psychological Problem - Heterogeneous Effects by Parental Education

	Panel A. State Unemployment Rates
	(1)	(2)	(3)	(4)
	Probit: Likely Psychological Problem (0/1) based on SDQ Scale		Probit: Likely Psychological Problem (0/1) based on Emotional Difficulty Score
	Less than College Degree	At least College Degree	Less than College Degree	At least College Degree
Marginal Effect	0.003**	0.003	0.0043***	0.0018
(SE)	(0.002)	(0.002)	(0.0014)	(0.0015)
Mean, Dep. Var.	0.050	0.024	0.058	0.038
Relative Effect of 1.51 P.P. Fall in Unemployment Rate	−9.1%	−18.9%	−11.2%	−7.2%
	Panel B. State Housing Price Index
	Probit: Likely Psychological Problem (0/1) based on SDQ Scale		Probit: Likely Psychological Problem (0/1) based on Emotional Difficulty Score
	Less than College Degree	At least College Degree	Less than College Degree	At least College Degree
Marginal Effect	−0.020**	−0.004	−0.023***	−0.013
(SE)	(0.008)	(0.007)	(0.007)	(0.009)
Mean, Dep. Var.	0.050	0.024	0.058	0.038
Relative Effect of 0.19 Point Rise in Housing Price Index	−7.6%	−3.2%	−7.5%	−6.5%
Sample size	65,563	28,564	76,581	33,686

Note: Robust standard errors clustered on the state. A fall in unemployment rate of 1.51 percentage points and a rise in HPI of 0.19 represent one standard deviation improvements in economic conditions. Covariates are described in Table 2.

^*p-value <.10

^**p-value<.05

^***p-value<.01.