1{2 "record_id": "b633c49b2f5879640f919bdc54ae4390ee31d91d",3 "eligible": true,4 "exclusion_reason": null,5 "study": {6 "title": "Time-Geographically Weighted Regressions and Residential Property Value Assessment",7 "year": 2019,8 "doi": "10.1007/s11146-019-09718-8",9 "country": "United States",10 "region_city": "50 municipalities in Connecticut; 145 towns in the Greater Boston Area, Massachusetts",11 "sample_start": 1987,12 "sample_end": 2013,13 "property_type": "single_family",14 "price_type": "transaction",15 "data_source": "Warren Group arm's-length transactions (CT 1994-2013, N = 258,473; MA 1987-2012, N = 609,123; MA data from Warren Group 1987-1994 and CoreLogic thereafter)",16 "document_type": "working_paper",17 "estimators": [18 "FE_panel"19 ],20 "spatial_method": "town fixed effects (Table 2); GWR and TGWR local regressions (summaries only, not extracted)",21 "time_fe": true,22 "location_fe": true,23 "se_type": "clustered",24 "n_obs_total": 867596,25 "ai_methods": [],26 "notes": "Federal Reserve Bank of St. Louis WP 2019-005 version (published in JREFE). Table 2: pooled OLS with town fixed effects and year dummies, log sale price, clustered SEs in parentheses; * p<0.10, ** p<0.05, *** p<0.01. CT sample 1994-2013; MA sample 1987-2012 (single-family homes in Greater Boston). Tables 3a/3b report only means/SDs of town-level OLS, GWR and TGWR coefficient estimates (no SEs) and are not extracted. Bedroom and total-room categories are dummies (reference categories not stated: presumably 1 bedroom / <=4 rooms). Some printed stars are inconsistent with the printed SEs for CT bedroom dummies (e.g. 0.0357** with SE 0.030) — recorded as printed. CT bathrooms: '2 bathrooms' includes 2 or 2.5, '3 bathrooms' includes 3 or 3.5."27 },28 "models": [29 {30 "model_id": "T2-c1",31 "table": "2",32 "column": "1",33 "page": 16,34 "dep_var": "logprice (log sale price, USD)",35 "dep_transform": "log",36 "estimator": "FE_panel",37 "n_obs": 258473,38 "r2": 0.844,39 "se_or_t_in_parentheses": "se",40 "sample_subset": "Connecticut, 50 municipalities, 1994-2013; town FE + year dummies; clustered SE"41 },42 {43 "model_id": "T2-c2",44 "table": "2",45 "column": "2",46 "page": 16,47 "dep_var": "logprice (log sale price, USD)",48 "dep_transform": "log",49 "estimator": "FE_panel",50 "n_obs": 609123,51 "r2": 0.7,52 "se_or_t_in_parentheses": "se",53 "sample_subset": "Massachusetts (Greater Boston, 145 towns), 1987-2012; town FE + year dummies; clustered SE"54 }55 ],56 "coefficients": [57 {58 "model_id": "T2-c1",59 "var_name_printed": "Log(living area sqft)",60 "taxonomy_id": "living_area",61 "x_transform": "log",62 "x_unit": "sqft",63 "beta": 0.458,64 "se": 0.032,65 "t": null,66 "p": null,67 "p_stars": "***",68 "ci_lo": null,69 "ci_hi": null,70 "page": 16,71 "confidence": "high",72 "notes": ""73 },74 {75 "model_id": "T2-c2",76 "var_name_printed": "Log(living area sqft)",77 "taxonomy_id": "living_area",78 "x_transform": "log",79 "x_unit": "sqft",80 "beta": 0.323,81 "se": 0.01,82 "t": null,83 "p": null,84 "p_stars": "***",85 "ci_lo": null,86 "ci_hi": null,87 "page": 16,88 "confidence": "high",89 "notes": ""90 },91 {92 "model_id": "T2-c1",93 "var_name_printed": "Log(lotsize)",94 "taxonomy_id": "lot_size",95 "x_transform": "log",96 "x_unit": "acres",97 "beta": 0.0921,98 "se": 0.011,99 "t": null,100 "p": null,101 "p_stars": "***",102 "ci_lo": null,103 "ci_hi": null,104 "page": 16,105 "confidence": "high",106 "notes": "Lot size in acres (Table 1)"107 },108 {109 "model_id": "T2-c2",110 "var_name_printed": "Log(lotsize)",111 "taxonomy_id": "lot_size",112 "x_transform": "log",113 "x_unit": "acres",114 "beta": 0.063,115 "se": 0.005,116 "t": null,117 "p": null,118 "p_stars": "***",119 "ci_lo": null,120 "ci_hi": null,121 "page": 16,122 "confidence": "high",123 "notes": "Lot size in acres (Table 1)"124 },125 {126 "model_id": "T2-c1",127 "var_name_printed": "2 bathrooms+",128 "taxonomy_id": "bathrooms",129 "x_transform": "dummy",130 "x_unit": "binary",131 "beta": 0.0436,132 "se": 0.007,133 "t": null,134 "p": null,135 "p_stars": "***",136 "ci_lo": null,137 "ci_hi": null,138 "page": 16,139 "confidence": "high",140 "notes": "2 (or 2.5 in CT) bathrooms; ref. 1 bathroom"141 },142 {143 "model_id": "T2-c2",144 "var_name_printed": "2 bathrooms+",145 "taxonomy_id": "bathrooms",146 "x_transform": "dummy",147 "x_unit": "binary",148 "beta": 0.051,149 "se": 0.003,150 "t": null,151 "p": null,152 "p_stars": "***",153 "ci_lo": null,154 "ci_hi": null,155 "page": 16,156 "confidence": "high",157 "notes": "2 (or 2.5 in CT) bathrooms; ref. 1 bathroom"158 },159 {160 "model_id": "T2-c1",161 "var_name_printed": "3 bathrooms+",162 "taxonomy_id": "bathrooms",163 "x_transform": "dummy",164 "x_unit": "binary",165 "beta": 0.122,166 "se": 0.009,167 "t": null,168 "p": null,169 "p_stars": "***",170 "ci_lo": null,171 "ci_hi": null,172 "page": 16,173 "confidence": "high",174 "notes": "3 (or 3.5 in CT) bathrooms; ref. 1 bathroom"175 },176 {177 "model_id": "T2-c2",178 "var_name_printed": "3 bathrooms+",179 "taxonomy_id": "bathrooms",180 "x_transform": "dummy",181 "x_unit": "binary",182 "beta": 0.117,183 "se": 0.008,184 "t": null,185 "p": null,186 "p_stars": "***",187 "ci_lo": null,188 "ci_hi": null,189 "page": 16,190 "confidence": "high",191 "notes": "3 (or 3.5 in CT) bathrooms; ref. 1 bathroom"192 },193 {194 "model_id": "T2-c1",195 "var_name_printed": "4 or more bathrooms",196 "taxonomy_id": "bathrooms",197 "x_transform": "dummy",198 "x_unit": "binary",199 "beta": 0.282,200 "se": 0.018,201 "t": null,202 "p": null,203 "p_stars": "***",204 "ci_lo": null,205 "ci_hi": null,206 "page": 16,207 "confidence": "high",208 "notes": "ref. 1 bathroom"209 },210 {211 "model_id": "T2-c2",212 "var_name_printed": "4 or more bathrooms",213 "taxonomy_id": "bathrooms",214 "x_transform": "dummy",215 "x_unit": "binary",216 "beta": 0.07,217 "se": 0.012,218 "t": null,219 "p": null,220 "p_stars": "***",221 "ci_lo": null,222 "ci_hi": null,223 "page": 16,224 "confidence": "high",225 "notes": "ref. 1 bathroom"226 },227 {228 "model_id": "T2-c1",229 "var_name_printed": "Age>=10 and < 30",230 "taxonomy_id": "age",231 "x_transform": "dummy",232 "x_unit": "years",233 "beta": 0.166,234 "se": 0.012,235 "t": null,236 "p": null,237 "p_stars": "***",238 "ci_lo": null,239 "ci_hi": null,240 "page": 16,241 "confidence": "high",242 "notes": "Age category 10-29 years; ref. age < 10"243 },244 {245 "model_id": "T2-c2",246 "var_name_printed": "Age>=10 and < 30",247 "taxonomy_id": "age",248 "x_transform": "dummy",249 "x_unit": "years",250 "beta": -0.033,251 "se": 0.006,252 "t": null,253 "p": null,254 "p_stars": "***",255 "ci_lo": null,256 "ci_hi": null,257 "page": 16,258 "confidence": "high",259 "notes": "Age category 10-29 years; ref. age < 10"260 },261 {262 "model_id": "T2-c1",263 "var_name_printed": "Age>=30 and <=50",264 "taxonomy_id": "age",265 "x_transform": "dummy",266 "x_unit": "years",267 "beta": 0.0588,268 "se": 0.008,269 "t": null,270 "p": null,271 "p_stars": "***",272 "ci_lo": null,273 "ci_hi": null,274 "page": 16,275 "confidence": "high",276 "notes": "Age category 30-50 years; ref. age < 10"277 },278 {279 "model_id": "T2-c2",280 "var_name_printed": "Age>=30 and <=50",281 "taxonomy_id": "age",282 "x_transform": "dummy",283 "x_unit": "years",284 "beta": -0.127,285 "se": 0.007,286 "t": null,287 "p": null,288 "p_stars": "***",289 "ci_lo": null,290 "ci_hi": null,291 "page": 16,292 "confidence": "high",293 "notes": "Age category 30-50 years; ref. age < 10"294 },295 {296 "model_id": "T2-c1",297 "var_name_printed": "Age>=50",298 "taxonomy_id": "age",299 "x_transform": "dummy",300 "x_unit": "years",301 "beta": -0.0248,302 "se": 0.013,303 "t": null,304 "p": null,305 "p_stars": "",306 "ci_lo": null,307 "ci_hi": null,308 "page": 16,309 "confidence": "high",310 "notes": "Age category > 50 years; ref. age < 10"311 },312 {313 "model_id": "T2-c2",314 "var_name_printed": "Age>=50",315 "taxonomy_id": "age",316 "x_transform": "dummy",317 "x_unit": "years",318 "beta": -0.177,319 "se": 0.011,320 "t": null,321 "p": null,322 "p_stars": "***",323 "ci_lo": null,324 "ci_hi": null,325 "page": 16,326 "confidence": "high",327 "notes": "Age category > 50 years; ref. age < 10"328 },329 {330 "model_id": "T2-c1",331 "var_name_printed": "2 bedrooms",332 "taxonomy_id": "bedrooms",333 "x_transform": "dummy",334 "x_unit": "binary",335 "beta": 0.0357,336 "se": 0.03,337 "t": null,338 "p": null,339 "p_stars": "**",340 "ci_lo": null,341 "ci_hi": null,342 "page": 16,343 "confidence": "medium",344 "notes": "Bedroom-count dummy (reference not stated); printed stars inconsistent with printed SE (as printed)"345 },346 {347 "model_id": "T2-c2",348 "var_name_printed": "2 bedrooms",349 "taxonomy_id": "bedrooms",350 "x_transform": "dummy",351 "x_unit": "binary",352 "beta": 0.01,353 "se": 0.013,354 "t": null,355 "p": null,356 "p_stars": "",357 "ci_lo": null,358 "ci_hi": null,359 "page": 16,360 "confidence": "high",361 "notes": "Bedroom-count dummy (reference not stated)"362 },363 {364 "model_id": "T2-c1",365 "var_name_printed": "3 bedrooms",366 "taxonomy_id": "bedrooms",367 "x_transform": "dummy",368 "x_unit": "binary",369 "beta": 0.05,370 "se": 0.03,371 "t": null,372 "p": null,373 "p_stars": "***",374 "ci_lo": null,375 "ci_hi": null,376 "page": 16,377 "confidence": "medium",378 "notes": "Bedroom-count dummy (reference not stated); printed stars inconsistent with printed SE (as printed)"379 },380 {381 "model_id": "T2-c2",382 "var_name_printed": "3 bedrooms",383 "taxonomy_id": "bedrooms",384 "x_transform": "dummy",385 "x_unit": "binary",386 "beta": 0.019,387 "se": 0.014,388 "t": null,389 "p": null,390 "p_stars": "",391 "ci_lo": null,392 "ci_hi": null,393 "page": 16,394 "confidence": "high",395 "notes": "Bedroom-count dummy (reference not stated)"396 },397 {398 "model_id": "T2-c1",399 "var_name_printed": "4 bedrooms",400 "taxonomy_id": "bedrooms",401 "x_transform": "dummy",402 "x_unit": "binary",403 "beta": 0.0356,404 "se": 0.028,405 "t": null,406 "p": null,407 "p_stars": "**",408 "ci_lo": null,409 "ci_hi": null,410 "page": 16,411 "confidence": "medium",412 "notes": "Bedroom-count dummy (reference not stated); printed stars inconsistent with printed SE (as printed)"413 },414 {415 "model_id": "T2-c2",416 "var_name_printed": "4 bedrooms",417 "taxonomy_id": "bedrooms",418 "x_transform": "dummy",419 "x_unit": "binary",420 "beta": 0.032,421 "se": 0.014,422 "t": null,423 "p": null,424 "p_stars": "**",425 "ci_lo": null,426 "ci_hi": null,427 "page": 16,428 "confidence": "high",429 "notes": "Bedroom-count dummy (reference not stated)"430 },431 {432 "model_id": "T2-c1",433 "var_name_printed": "5 or more bedrooms",434 "taxonomy_id": "bedrooms",435 "x_transform": "dummy",436 "x_unit": "binary",437 "beta": 0.0566,438 "se": 0.026,439 "t": null,440 "p": null,441 "p_stars": "***",442 "ci_lo": null,443 "ci_hi": null,444 "page": 16,445 "confidence": "medium",446 "notes": "Bedroom-count dummy (reference not stated); printed stars inconsistent with printed SE (as printed)"447 },448 {449 "model_id": "T2-c2",450 "var_name_printed": "5 or more bedrooms",451 "taxonomy_id": "bedrooms",452 "x_transform": "dummy",453 "x_unit": "binary",454 "beta": 0.006,455 "se": 0.014,456 "t": null,457 "p": null,458 "p_stars": "",459 "ci_lo": null,460 "ci_hi": null,461 "page": 16,462 "confidence": "high",463 "notes": "Bedroom-count dummy (reference not stated)"464 },465 {466 "model_id": "T2-c1",467 "var_name_printed": "5 total rooms",468 "taxonomy_id": "other",469 "x_transform": "dummy",470 "x_unit": "binary",471 "beta": -0.0167,472 "se": 0.009,473 "t": null,474 "p": null,475 "p_stars": "*",476 "ci_lo": null,477 "ci_hi": null,478 "page": 16,479 "confidence": "high",480 "notes": "Total-rooms dummy (reference not stated)"481 },482 {483 "model_id": "T2-c2",484 "var_name_printed": "5 total rooms",485 "taxonomy_id": "other",486 "x_transform": "dummy",487 "x_unit": "binary",488 "beta": 0.024,489 "se": 0.005,490 "t": null,491 "p": null,492 "p_stars": "***",493 "ci_lo": null,494 "ci_hi": null,495 "page": 16,496 "confidence": "high",497 "notes": "Total-rooms dummy (reference not stated)"498 },499 {500 "model_id": "T2-c1",501 "var_name_printed": "6 total rooms",502 "taxonomy_id": "other",503 "x_transform": "dummy",504 "x_unit": "binary",505 "beta": -0.021,506 "se": 0.014,507 "t": null,508 "p": null,509 "p_stars": "",510 "ci_lo": null,511 "ci_hi": null,512 "page": 16,513 "confidence": "high",514 "notes": "Total-rooms dummy"515 },516 {517 "model_id": "T2-c2",518 "var_name_printed": "6 total rooms",519 "taxonomy_id": "other",520 "x_transform": "dummy",521 "x_unit": "binary",522 "beta": 0.026,523 "se": 0.007,524 "t": null,525 "p": null,526 "p_stars": "***",527 "ci_lo": null,528 "ci_hi": null,529 "page": 16,530 "confidence": "high",531 "notes": "Total-rooms dummy"532 },533 {534 "model_id": "T2-c1",535 "var_name_printed": "7 total rooms",536 "taxonomy_id": "other",537 "x_transform": "dummy",538 "x_unit": "binary",539 "beta": -0.00341,540 "se": 0.018,541 "t": null,542 "p": null,543 "p_stars": "",544 "ci_lo": null,545 "ci_hi": null,546 "page": 16,547 "confidence": "high",548 "notes": "Total-rooms dummy"549 },550 {551 "model_id": "T2-c2",552 "var_name_printed": "7 total rooms",553 "taxonomy_id": "other",554 "x_transform": "dummy",555 "x_unit": "binary",556 "beta": 0.034,557 "se": 0.008,558 "t": null,559 "p": null,560 "p_stars": "***",561 "ci_lo": null,562 "ci_hi": null,563 "page": 16,564 "confidence": "high",565 "notes": "Total-rooms dummy"566 },567 {568 "model_id": "T2-c1",569 "var_name_printed": "8 total rooms",570 "taxonomy_id": "other",571 "x_transform": "dummy",572 "x_unit": "binary",573 "beta": 0.0107,574 "se": 0.022,575 "t": null,576 "p": null,577 "p_stars": "",578 "ci_lo": null,579 "ci_hi": null,580 "page": 16,581 "confidence": "high",582 "notes": "Total-rooms dummy"583 },584 {585 "model_id": "T2-c2",586 "var_name_printed": "8 total rooms",587 "taxonomy_id": "other",588 "x_transform": "dummy",589 "x_unit": "binary",590 "beta": 0.064,591 "se": 0.008,592 "t": null,593 "p": null,594 "p_stars": "***",595 "ci_lo": null,596 "ci_hi": null,597 "page": 16,598 "confidence": "high",599 "notes": "Total-rooms dummy"600 },601 {602 "model_id": "T2-c1",603 "var_name_printed": "9 total rooms",604 "taxonomy_id": "other",605 "x_transform": "dummy",606 "x_unit": "binary",607 "beta": 0.0293,608 "se": 0.025,609 "t": null,610 "p": null,611 "p_stars": "",612 "ci_lo": null,613 "ci_hi": null,614 "page": 16,615 "confidence": "high",616 "notes": "Total-rooms dummy"617 },618 {619 "model_id": "T2-c2",620 "var_name_printed": "9 total rooms",621 "taxonomy_id": "other",622 "x_transform": "dummy",623 "x_unit": "binary",624 "beta": 0.106,625 "se": 0.009,626 "t": null,627 "p": null,628 "p_stars": "***",629 "ci_lo": null,630 "ci_hi": null,631 "page": 16,632 "confidence": "high",633 "notes": "Total-rooms dummy"634 },635 {636 "model_id": "T2-c1",637 "var_name_printed": "10 to 14 total rooms",638 "taxonomy_id": "other",639 "x_transform": "dummy",640 "x_unit": "binary",641 "beta": 0.0577,642 "se": 0.026,643 "t": null,644 "p": null,645 "p_stars": "**",646 "ci_lo": null,647 "ci_hi": null,648 "page": 16,649 "confidence": "medium",650 "notes": "Total-rooms dummy; printed stars inconsistent with printed SE (as printed)"651 },652 {653 "model_id": "T2-c2",654 "var_name_printed": "10 to 14 total rooms",655 "taxonomy_id": "other",656 "x_transform": "dummy",657 "x_unit": "binary",658 "beta": 0.13,659 "se": 0.011,660 "t": null,661 "p": null,662 "p_stars": "***",663 "ci_lo": null,664 "ci_hi": null,665 "page": 16,666 "confidence": "high",667 "notes": "Total-rooms dummy"668 },669 {670 "model_id": "T2-c1",671 "var_name_printed": "15 or more rooms",672 "taxonomy_id": "other",673 "x_transform": "dummy",674 "x_unit": "binary",675 "beta": 0.196,676 "se": 0.05,677 "t": null,678 "p": null,679 "p_stars": "***",680 "ci_lo": null,681 "ci_hi": null,682 "page": 16,683 "confidence": "high",684 "notes": "Total-rooms dummy"685 },686 {687 "model_id": "T2-c2",688 "var_name_printed": "15 or more rooms",689 "taxonomy_id": "other",690 "x_transform": "dummy",691 "x_unit": "binary",692 "beta": 0.107,693 "se": 0.023,694 "t": null,695 "p": null,696 "p_stars": "***",697 "ci_lo": null,698 "ci_hi": null,699 "page": 16,700 "confidence": "high",701 "notes": "Total-rooms dummy"702 },703 {704 "model_id": "T2-c2",705 "var_name_printed": "1 half bathroom",706 "taxonomy_id": "bathrooms",707 "x_transform": "dummy",708 "x_unit": "binary",709 "beta": 0.073,710 "se": 0.002,711 "t": null,712 "p": null,713 "p_stars": "***",714 "ci_lo": null,715 "ci_hi": null,716 "page": 16,717 "confidence": "high",718 "notes": "Half bathrooms (MA only)"719 },720 {721 "model_id": "T2-c2",722 "var_name_printed": "2 or more half bathrooms",723 "taxonomy_id": "bathrooms",724 "x_transform": "dummy",725 "x_unit": "binary",726 "beta": 0.112,727 "se": 0.007,728 "t": null,729 "p": null,730 "p_stars": "***",731 "ci_lo": null,732 "ci_hi": null,733 "page": 16,734 "confidence": "high",735 "notes": "Half bathrooms (MA only)"736 }737 ]738}