Table 5.

Peer effects in housing voucher take-up.

	(1)	X Var. Mean (2)	X Var. Std. Dev. (3)	Effect Size (4)
Panel A. Reduced Form
Number of HHs Offered Voucher During:
Most Recent Quarter	0.008*** (0.003)	1.077	1.654	0.013
Next Quarter (Falsification)	0.003 (0.003)	1.077	1.647
Panel B. Two Stage Lease Squares
Number of HHs Leased-Up During
Most Recent Quarter	0.015*** (0.005)	0.590	1.096	0.016
Next Quarter (Falsification)	0.005 (0.005)	0.605	1.106

Notes: The sample is all Chicago households (HHs) offered a housing voucher between 1997 and 2003 (N = 18,109). In panel A, each point estimate is from a separate Linear Probability Model regression of an indicator equal to one if the HH leased up on all of the covariates included in Table 3, an additional variable measuring the number of voucher applicants in the HH’s census block group, and the number of voucher offers received by HHs in the block group in the prior quarter (row 1) or next quarter (row 2). Panel B replaces the nearby offer variables with the number of HHs nearby who leased up, and instruments for those variables with the nearby offer variables.

^***Significant at the 1 percent level;

^**5 percent level;

^*10 percent level.