Table A3.
Impact of House Price Growth on Mental Health: by Age and Gender (IV).
| Female |
(1) |
(2) |
(3) |
(4) |
(5) |
(6) |
(7) |
(8) |
|---|---|---|---|---|---|---|---|---|
| Dependent Variable: Consultation Rate |
||||||||
| Age |
20–24 years old |
25–29 years old |
||||||
| 1 month | 3 months | 6 months | 1 year | 1 month | 3 months | 6 months | 1 year | |
| HPG | 0.075 | 0.044 | 0.035 | 0.021 | 0.345 | 0.199 | 0.159 | 0.097 |
| (0.083) | (0.041) | (0.033) | (0.021) | (0.363) | (0.180) | (0.134) | (0.087) | |
| Observations | 1116 | 1116 | 1116 | 1116 | 1116 | 1116 | 1116 | 1116 |
| R-squared | -0.135 | -0.054 | -0.107 | -0.105 | -0.408 | -0.199 | -0.292 | -0.304 |
| KP LM Stat | 14.19 | 15.77 | 13.35 | 13.90 | 14.19 | 15.77 | 13.35 | 13.90 |
| KP F Stat | 17.71 | 13.74 | 11.93 | 9.615 | 17.71 | 13.74 | 11.93 | 9.615 |
| Age | 30–34 years old | 35–39 years old | ||||||
| 1 month | 3 months | 6 months | 1 year | 1 month | 3 months | 6 months | 1 year | |
| HPG | 0.509 | 0.328∗ | 0.239∗ | 0.139 | 0.778 | 0.410∗ | 0.303∗ | 0.172 |
| (0.384) | (0.185) | (0.133) | (0.088) | (0.478) | (0.241) | (0.171) | (0.113) | |
| Observations | 1116 | 1116 | 1116 | 1116 | 1116 | 1116 | 1116 | 1116 |
| R-squared | -0.368 | -0.247 | -0.299 | -0.283 | -0.648 | -0.274 | -0.334 | -0.296 |
| KP LM Stat | 14.19 | 15.77 | 13.35 | 13.90 | 14.19 | 15.77 | 13.35 | 13.90 |
| KP F Stat | 17.71 | 13.74 | 11.93 | 9.615 | 17.71 | 13.74 | 11.93 | 9.615 |
| Age | 40–44 years old | 45–49 years old | ||||||
| 1 month | 3 months | 6 months | 1 year | 1 month | 3 months | 6 months | 1 year | |
| HPG | 1.070 | 0.559∗ | 0.413∗ | 0.223 | 1.547 | 0.826∗ | 0.608∗ | 0.357 |
| (0.671) | (0.321) | (0.233) | (0.154) | (1.015) | (0.481) | (0.350) | (0.229) | |
| Observations | 1116 | 1116 | 1116 | 1116 | 1116 | 1116 | 1116 | 1116 |
| R-squared | -0.445 | -0.176 | -0.236 | -0.246 | -0.723 | -0.297 | -0.342 | -0.353 |
| KP LM Stat | 14.19 | 15.77 | 13.35 | 13.90 | 14.19 | 15.77 | 13.35 | 13.90 |
| KP F Stat | 17.71 | 13.74 | 11.93 | 9.615 | 17.71 | 13.74 | 11.93 | 9.615 |
| Age | 50–54 years old | 55–59 years old | ||||||
| 1 month | 3 months | 6 months | 1 year | 1 month | 3 months | 6 months | 1 year | |
| HPG | 1.148 | 0.622∗ | 0.447∗ | 0.222 | 0.641 | 0.351∗ | 0.246∗ | 0.109 |
| (0.758) | (0.358) | (0.259) | (0.175) | (0.395) | (0.184) | (0.135) | (0.091) | |
| Observations | 1116 | 1116 | 1116 | 1116 | 1116 | 1116 | 1116 | 1116 |
| R-squared | -0.337 | -0.162 | -0.209 | -0.194 | -0.231 | -0.088 | -0.086 | -0.063 |
| KP LM Stat | 14.19 | 15.77 | 13.35 | 13.90 | 14.19 | 15.77 | 13.35 | 13.90 |
| KP F Stat | 17.71 | 13.74 | 11.93 | 9.615 | 17.71 | 13.74 | 11.93 | 9.615 |
| Male | Dependent Variable: Consultation Rate | |||||||
| Age | 20–24 years old | 25–29 years old | ||||||
| 1 month | 3 months | 6 months | 1 year | 1 month | 3 months | 6 months | 1 year | |
| HPG | 0.059 | 0.046 | 0.031 | 0.015 | 0.410 | 0.239 | 0.175 | 0.097 |
| (0.109) | (0.052) | (0.039) | (0.027) | (0.367) | (0.184) | (0.132) | (0.087) | |
| Observations | 1116 | 1116 | 1116 | 1116 | 1116 | 1116 | 1116 | 1116 |
| R-squared | -0.044 | -0.050 | -0.064 | -0.054 | -0.344 | -0.157 | -0.183 | -0.189 |
| KP LM Stat | 14.19 | 15.77 | 13.35 | 13.90 | 14.19 | 15.77 | 13.35 | 13.90 |
| KP F Stat | 17.71 | 13.74 | 11.93 | 9.615 | 17.71 | 13.74 | 11.93 | 9.615 |
| Age | 30–34 years old | 35–39 years old | ||||||
| 1 month | 3 months | 6 months | 1 year | 1 month | 3 months | 6 months | 1 year | |
| HPG | 0.515 | 0.308 | 0.237∗ | 0.140 | 0.757 | 0.418 | 0.311 | 0.181 |
| (0.391) | (0.197) | (0.144) | (0.096) | (0.592) | (0.296) | (0.214) | (0.139) | |
| Observations | 1116 | 1116 | 1116 | 1116 | 1116 | 1116 | 1116 | 1116 |
| R-squared | -0.370 | -0.203 | -0.295 | -0.327 | -0.411 | -0.203 | -0.268 | -0.296 |
| KP LM Stat | 14.19 | 15.77 | 13.35 | 13.90 | 14.19 | 15.77 | 13.35 | 13.90 |
| KP F Stat | 17.71 | 13.74 | 11.93 | 9.615 | 17.71 | 13.74 | 11.93 | 9.615 |
| Age | 40–44 years old | 45–49 years old | ||||||
| 1 month | 3 months | 6 months | 1 year | 1 month | 3 months | 6 months | 1 year | |
| HPG | 1.564 | 0.803∗ | 0.569∗ | 0.306 | 1.428 | 0.736∗ | 0.523∗ | 0.263 |
| (1.012) | (0.481) | (0.341) | (0.222) | (0.878) | (0.416) | (0.291) | (0.187) | |
| Observations | 1116 | 1116 | 1116 | 1116 | 1116 | 1116 | 1116 | 1116 |
| R-squared | -0.600 | -0.269 | -0.317 | -0.311 | -0.339 | -0.111 | -0.129 | -0.140 |
| KP LM Stat | 14.19 | 15.77 | 13.35 | 13.90 | 14.19 | 15.77 | 13.35 | 13.90 |
| KP F Stat | 17.71 | 13.74 | 11.93 | 9.615 | 17.71 | 13.74 | 11.93 | 9.615 |
| Age | 50–54 years old | 55–59 years old | ||||||
| 1 month | 3 months | 6 months | 1 year | 1 month | 3 months | 6 months | 1 year | |
| HPG | 1.071∗ | 0.576∗∗ | 0.386∗∗ | 0.172 | 0.682∗∗ | 0.373∗∗ | 0.267∗∗ | 0.139∗ |
| (0.560) | (0.262) | (0.185) | (0.126) | (0.347) | (0.166) | (0.121) | (0.078) | |
| Observations | 1116 | 1116 | 1116 | 1116 | 1116 | 1116 | 1116 | 1116 |
| R-squared | -0.248 | -0.099 | -0.111 | -0.100 | -0.331 | -0.114 | -0.128 | -0.123 |
| KP LM Stat | 14.19 | 15.77 | 13.35 | 13.90 | 14.19 | 15.77 | 13.35 | 13.90 |
| KP F Stat | 17.71 | 13.74 | 11.93 | 9.615 | 17.71 | 13.74 | 11.93 | 9.615 |
| Ln(Lagged Income) | YES | YES | YES | YES | YES | YES | YES | YES |
| City FE | YES | YES | YES | YES | YES | YES | YES | YES |
| Year–month FE | YES | YES | YES | YES | YES | YES | YES | YES |
Robust standard errors clustered at the city level in parentheses.
***p < 0.01.
∗∗
p < 0.05.
∗
p < 0.1.