Table 3.

Estimates from asymmetric fixed effect linear regression models, using a binary debt status, ‘has some mortgage debt’, and binary debt status, ‘has some non-mortgage debt’.

	Depressive symptoms	Quality of life
	Higher is more depressed	Higher is better
Mortgage debt
Positive change (acquiring debts)	−0.02	−0.28
95% CI	[-0.11 – 0.08]	[-0.67 – 0.12]
Negative change (getting rid of debts)	−0.01	0.36**
95% CI	[-0.06 – 0.05]	[0.13–0.60]
Non-mortgage debt
Positive change (acquiring debts)	0.05+	−0.20*
95% CI	[-0.00 – 0.10]	[-0.39 to −0.00]
Negative change (getting rid of debts)	−0.06**	0.35***
95% CI	[-0.10 to −0.02]	[0.18–0.52]
Number of observations	69,576	57,569
Number of individuals	13,967	12,364

+ p < 0.1, *p < 0.05, **p < 0.01, ***p < 0.001. 95% confidence intervals are adjusted for clustering within-individual and household.