Table 6 Effect of housing market return on different types of psychological outpatient visits

From: Assessing the mental health impact of China’s housing boom through national and city-level data analysis

 

(1)

(2)

(3)

(4)

(5)

(6)

t − 1

t

t + 1

t + 2

t + 3

t + 4

y = LogVisitW_sleep_disorder

HRetW

0.0197

0.0091

0.0140

0.0599**

−0.0030

0.0170

 

(0.544)

(0.648)

(0.539)

(0.018)

(0.891)

(0.324)

N

219

220

218

217

216

215

R2

0.752

0.762

0.736

0.750

0.739

0.739

y = LogVisitW_anxiety

HRetW

0.0266

0.0137

0.0256

0.0529**

0.0039

0.0341**

 

(0.367)

(0.480)

(0.137)

(0.044)

(0.852)

(0.030)

N

219

220

218

217

216

215

R2

0.802

0.814

0.783

0.792

0.784

0.784

y = LogVisitW_depression

HRetW

0.0107

−0.0065

0.0452**

0.0461

0.0055

0.0162

 

(0.759)

(0.817)

(0.045)

(0.155)

(0.804)

(0.490)

N

219

220

218

217

216

215

R2

0.662

0.651

0.641

0.651

0.644

0.631

y = LogVisitW_panic

HRetW

0.0155

0.0262

0.1116**

0.0165

−0.0370

0.0705

 

(0.738)

(0.595)

(0.011)

(0.759)

(0.437)

(0.233)

N

219

220

218

217

216

215

R2

0.460

0.452

0.493

0.474

0.487

0.485

y = LogVisitW_bipolar

HRetW

0.0012

−0.0011

−0.0049

0.0057

−0.0053

0.0023

 

(0.580)

(0.751)

(0.153)

(0.268)

(0.276)

(0.493)

N

219

220

218

217

216

215

R2

0.121

0.118

0.123

0.120

0.117

0.116

y = LogVisitW_schizophrenia

HRetW

−0.0171

−0.0057

0.0461

−0.0423

0.0137

0.0269

 

(0.584)

(0.903)

(0.135)

(0.258)

(0.655)

(0.347)

N

219

220

218

217

216

215

R2

0.101

0.095

0.099

0.117

0.112

0.104

Year, Month and Holiday FE

Yes

Yes

Yes

Yes

Yes

Yes

  1. This table presents the impact of weekly housing market returns on specific categories of psychiatric outpatient visits. The columns show the relationship between housing market return in week t and psychiatric visits in weeks t − 1 through t + 4. The dependent variables are the logarithm of weekly outpatient visits for different psychological disorders: our primary measures of interest—anxiety (LogVisitW_anxiety), sleep disorder (LogVisitW_sleep_disorder), panic (LogVisitW_panic) and depression (LogVisitW_depression)—along with additional conditions that are typically more severe and have stronger biological underpinnings, including bipolar disorder (LogVisitW_bipolar) and schizophrenia (LogVisitW_schizophrenia). The independent variable HRetW represents the weekly residential housing market returns based on average weekly transaction prices of residential properties, scaled by the sample standard deviation in Shenzhen. P-values are reported in parentheses. Statistical significance levels are indicated as follows: *p < 0.1; **p < 0.05; ***p < 0.01.
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