From: Housing debt and depressive symptoms: evidence from the China family panel studies
Variables | (1) | (2) | (3) | (4) |
---|---|---|---|---|
Panel A: Full sample | ||||
Housing debt (Yes = 1) | 0.017** |  |  |  |
 | (0.008) |  |  |  |
Bank housing loans (Yes = 1) |  | 0.012 |  |  |
 |  | (0.011) |  |  |
Non-bank housing loans (Yes = 1) |  | 0.018** |  |  |
 |  | (0.008) |  |  |
Ln (amount of housing debt) | Â | Â | 0.002** | Â |
 |  |  | (0.001) |  |
Ln (amount of bank housing loans) | Â | Â | Â | 0.001 |
 |  |  |  | (0.001) |
Ln (amount of non-bank housing loans) | Â | Â | Â | 0.002** |
 |  |  |  | (0.001) |
Observations | 25,232 | 25,232 | 25,232 | 25,232 |
Panel B: Sample with only one property (consumption demand) | ||||
Housing debt (Yes = 1) | 0.025** |  |  |  |
 | (0.010) |  |  |  |
Bank housing loans (Yes = 1) |  | -0.0005 |  |  |
 |  | (0.017) |  |  |
Non-bank housing loans (Yes = 1) |  | 0.034*** |  |  |
 |  | (0.011) |  |  |
Ln (amount of housing debt) | Â | Â | 0.003*** | Â |
 |  |  | (0.001) |  |
Ln (amount of bank housing loans) | Â | Â | Â | 0.0001 |
 |  |  |  | (0.001) |
Ln (amount of non-bank housing loans) | Â | Â | Â | 0.003*** |
 |  |  |  | (0.001) |
Observations | 18,143 | 18,143 | 18,143 | 18,143 |
Panel C: Sample with two or more properties (investment demand) | ||||
Housing debt (Yes = 1) | -0.003 |  |  |  |
 | (0.024) |  |  |  |
Bank housing loans (Yes = 1) |  | 0.039 |  |  |
 |  | (0.026) |  |  |
Non-bank housing loans (Yes = 1) |  | -0.028 |  |  |
 |  | (0.027) |  |  |
Ln (amount of housing debt) | Â | Â | -0.0001 | Â |
 |  |  | (0.002) |  |
Ln (amount of bank housing loans) | Â | Â | Â | 0.003 |
 |  |  |  | (0.002) |
Ln (amount of non-bank housing loans) | Â | Â | Â | -0.003 |
 |  |  |  | (0.002) |
Observations | 4827 | 4827 | 4827 | 4827 |