Table 2.
Local Authority District level fixed-effects instrumental variables analysis of home ownership on health.
| (1) | (2) | (3) | |
|---|---|---|---|
| (First stage) | (Second stage) | (Second stage) | |
| LAD ownership rate | Rate of people with LHC | Average no. of health probs. | |
| LAD ownership rates | −0.198*** | −0.493*** | |
| (instrumented) | (0.053) | (0.0151) | |
| Max. RtB discount (£'000 s) | 0.0024*** | ||
| (instrument) | (0.000) | ||
| % of population aged 65+ | −0.0124*** | 0.00931*** | 0.0181*** |
| (0.002) | (0.002) | (0.006) | |
| Median weekly pay (deflated) | 0.00000146 | −0.000025 | −0.000014 |
| (0.000) | (0.000) | (0.000) | |
| Median hours worked per week | 0.00308 | −0.00310* | −0.00650 |
| (0.002) | (0.002) | (0.005) | |
| % of population economically active | 0.00164*** | −0.00185*** | −0.00620*** |
| (0.000) | (0.000) | (0.001) | |
| Year dummies | Yes | Yes | Yes |
| First-stage F-statistic | 17.02 | ||
| Observations (N*T) | 2161 | 2161 | 2161 |
Sample includes initial public renters only, 2003 – 2010. We have information on N = 311 LADs. Standard errors in parentheses. * p < 0.10, ** p < 0.05, *** p < 0.01. LHC = longstanding health condition (lasting at least 12 months).