Table 12 Housing prices and immigration: reduced-form regressions.
From: How does immigration affect housing costs in Switzerland?
Dep. var.: | \(\Delta \, \text {ln} \, HP_{it}\) | \(\Delta \, \text {ln} \, AP_{it}\) | \(\Delta \, \text {ln} \, HP_{it}\) | \(\Delta \, \text {ln} \, AP_{it}\) | \(\Delta \, \text {ln} \, RP_{it}\) | |||
|---|---|---|---|---|---|---|---|---|
(1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | |
\(\frac{\Delta \hat{I}_{it}}{Pop_{it-1}}\) | − 0.513\(^{***}\) | 0.095 | 0.666 | 0.676 | 1.084 | 1.161 | 1.105\(^{**}\) | 1.089\(^{***}\) |
[0.002] | [0.457] | [0.119] | [0.116] | [0.227] | [0.221] | [0.032] | [0.003] | |
\(\frac{\Delta \hat{I}_{it}}{Pop_{it-1}} \times {\textbf {1}} (t \ge 2002)\) | 1.552\(^{***}\) | 1.317\(^{***}\) | ||||||
[0.000] | [0.000] | |||||||
\(\Delta \, u_{it-1}\) | − 0.277\(^{*}\) | − 0.079 | − 0.508 | − 0.389 | 1.441 | |||
[0.081] | [0.623] | [0.366] | [0.454] | [0.286] | ||||
\(\Delta \, \text {ln} \, wage_{it-1}\) | 0.737\(^{**}\) | 0.623 | 0.357 | |||||
[0.017] | [0.106] | [0.161] | ||||||
\(\Delta \, \text {ln} \, CP_{it-1}\) | 0.319\(^{**}\) | − 0.209 | 0.304 | |||||
[0.037] | [0.329] | [0.425] | ||||||
\(\Delta \, \text {ln} \, VAC_{it-1}\) | − 0.010 | − 0.000 | − 0.002 | |||||
[0.319] | [0.970] | [0.920] | ||||||
Year FE | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
\(Obs\) | 3279 | 3279 | 442 | 442 | 442 | 442 | 427 | 427 |
\(R^{2}\) | 0.538 | 0.636 | 0.417 | 0.442 | 0.418 | 0.429 | 0.142 | 0.140 |
Years | 85–16 | 85–16 | 98–16 | 98–16 | 98–16 | 98–16 | 98–16 | 98–16 |
Region | MS | MS | Canton | Canton | Canton | Canton | Canton | Canton |