Table 8 House prices and immigration—MS-regions from 1985–2016: Event study.
From: How does immigration affect housing costs in Switzerland?
Cut-offs (percentiles): | a: \(33^{th}\), b: \(67^{th}\) | a: \(50^{th}\), b: \(75^{th}\) | ||||||
|---|---|---|---|---|---|---|---|---|
Dep. var.: | \(\Delta \, \text {ln} \, HP_{it}\) | \(\Delta \, \text {ln} \, AP_{it}\) | \(\Delta \, \text {ln} \, HP_{it}\) | \(\Delta \, \text {ln} \, AP_{it}\) | ||||
(1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | |
\({\textbf {1}} (\frac{I^{EU15}_{i,1980}}{Pop_{i,1980}} > b ) \times {\textbf {1}} (t \ge 2002)\) | 0.010\(^{***}\) | 0.010\(^{***}\) | 0.012\(^{***}\) | 0.011\(^{***}\) | 0.010\(^{***}\) | 0.010\(^{***}\) | 0.011\(^{***}\) | 0.011\(^{***}\) |
[0.000] | [0.000] | [0.000] | [0.000] | [0.000] | [0.000] | [0.000] | [0.000] | |
\({\textbf {1}} (a < \frac{I^{EU15}_{i,1980}}{Pop_{i,1980}} \le b ) \times {\textbf {1}} (t \ge 2002)\) | − 0.001 | 0.002 | 0.001 | 0.000 | ||||
[0.689] | [0.428] | [0.661] | [0.927] | |||||
\({\textbf {1}} (\frac{I^{EU15}_{i,1980}}{Pop_{i,1980}} > b )\) | − 0.001 | − 0.002 | − 0.000 | − 0.001 | − 0.002 | − 0.003\(^{*}\) | − 0.001 | − 0.001 |
[0.380] | [0.113] | [0.773] | [0.335] | [0.102] | [0.061] | [0.728] | [0.452] | |
\({\textbf {1}} (a < \frac{I^{EU15}_{i,1980}}{Pop_{i,1980}} \le b )\) | 0.001 | 0.002 | 0.001 | 0.002 | ||||
[0.240] | [0.247] | [0.559] | [0.197] | |||||
\(\Delta \, u_{it-1}\) | − 0.254 | − 0.253 | − 0.106 | − 0.102 | − 0.246 | − 0.244 | − 0.097 | − 0.095 |
[0.111] | [0.112] | [0.512] | [0.528] | [0.124] | [0.128] | [0.549] | [0.557] | |
Year FE | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
\(Obs\) | 3279 | 3279 | 3279 | 3279 | 3279 | 3279 | 3279 | 3279 |
\(R^{2}\) | 0.537 | 0.537 | 0.635 | 0.634 | 0.535 | 0.535 | 0.633 | 0.633 |