Treatment effect model (reduced sample and propensity score weights)
| Variables | (1) | (2) | (3) | (4) |
|---|---|---|---|---|
| TE1 | PS1 | TE2 | PS2 | |
| Gentrification income | 0.0329*** (8.41) | 0.0252*** (6.13) | ||
| Gentrification population | 0.0306*** (7.43) | 0.0105* (2.30) | ||
| New | 0.111*** (7.11) | 0.115*** (6.53) | 0.0708*** (4.26) | 0.0891*** (5.16) |
| Age | 0.000133 (1.79) | −0.0000729*** (−7.83) | 0.0000325 (0.39) | −0.0000596*** (−5.16) |
| Elevator | 0.0407*** (7.82) | 0.0248*** (4.63) | 0.0360*** (6.52) | 0.0233*** (4.09) |
| Floor level | 0.0225*** (16.66) | 0.0238*** (16.32) | 0.0212*** (14.00) | 0.0227*** (13.09) |
| Building stories | −0.000677 (−0.65) | −0.00122 (−1.12) | −0.00422*** (−3.51) | −0.00639*** (−4.70) |
| Living area | 0.0116*** (48.53) | 0.0122*** (35.96) | 0.0119*** (47.31) | 0.0125*** (28.58) |
| Distance to CBD | −0.0779*** (−63.81) | −0.0810*** (−60.81) | −0.103*** (−67.81) | −0.111*** (−65.16) |
| Distance subway station | 0.0797*** (63.80) | 0.0828*** (60.81) | 0.105*** (67.80) | 0.113*** (65.15) |
| Rooms | 0.0514*** (10.99) | 0.0382*** (6.44) | 0.0502*** (10.31) | 0.0278*** (3.80) |
| Monthly fee | −0.0000573*** (−18.55) | −0.0000573*** (−13.85) | −0.0000555*** (−17.10) | −0.0000529*** (−12.50) |
| Constant | 14.49*** (1,270.52) | 14.53*** (1,839.65) | 14.56*** (1,117.27) | 14.61*** (1,384.68) |
| Observations | 8,023 | 8,023 | 7,018 | 7,018 |
| R2 | 0.786 | 0.818 | 0.792 | 0.830 |
| AIC | −6,041.2 | −9,774.9 | −5,652.6 | −17,453.8 |
| Variables | (1) | (2) | (3) | (4) |
|---|---|---|---|---|
| TE1 | PS1 | TE2 | PS2 | |
| Gentrification income | 0.0329 | 0.0252 | ||
| Gentrification population | 0.0306 | 0.0105 | ||
| New | 0.111 | 0.115 | 0.0708 | 0.0891 |
| Age | 0.000133 (1.79) | −0.0000729 | 0.0000325 (0.39) | −0.0000596 |
| Elevator | 0.0407 | 0.0248 | 0.0360 | 0.0233 |
| Floor level | 0.0225 | 0.0238 | 0.0212 | 0.0227 |
| Building stories | −0.000677 (−0.65) | −0.00122 (−1.12) | −0.00422 | −0.00639 |
| Living area | 0.0116 | 0.0122 | 0.0119 | 0.0125 |
| Distance to CBD | −0.0779 | −0.0810 | −0.103 | −0.111 |
| Distance subway station | 0.0797 | 0.0828 | 0.105 | 0.113 |
| Rooms | 0.0514 | 0.0382 | 0.0502 | 0.0278 |
| Monthly fee | −0.0000573 | −0.0000573 | −0.0000555 | −0.0000529 |
| Constant | 14.49 | 14.53 | 14.56 | 14.61 |
| Observations | 8,023 | 8,023 | 7,018 | 7,018 |
| 0.786 | 0.818 | 0.792 | 0.830 | |
| −6,041.2 | −9,774.9 | −5,652.6 | −17,453.8 |
Notes:
t statistics in parentheses. *p < 0.05, **p < 0.01, ***p < 0.001