1{2 "record_id": "05133875334147dc5ac7d37a0479720642327db6",3 "eligible": true,4 "exclusion_reason": null,5 "study": {6 "title": "Market Frictions, Arbitrage, and the Capitalization of Amenities",7 "year": 2019,8 "doi": "10.3386/w25701",9 "country": "United States",10 "region_city": "Chicago metropolitan area (14 counties; 6,400+ neighbourhoods/block groups)",11 "sample_start": 2005,12 "sample_end": 2012,13 "property_type": "unknown",14 "price_type": "transaction",15 "data_source": "CoreLogic deeds records (14 county recording offices, Chicago MSA, 2005-2014) matched to HMDA, Census/ACS, Illinois/Indiana/Wisconsin school test scores, geocoded criminal offenses",16 "document_type": "working_paper",17 "estimators": [18 "OLS"19 ],20 "spatial_method": "none",21 "time_fe": false,22 "location_fe": false,23 "se_type": "unknown",24 "n_obs_total": 37564,25 "ai_methods": [],26 "notes": "FLAG FOR HUMAN REVIEW: price regressions (Table 2 col 1, Table 3 cols 1-3) are at the neighbourhood (block group) x year level: log(Transaction Price_jt) regressed on neighbourhood amenities (median income, racial shares, school test scores, crime) and median structural characteristics (median year built, median number of rooms). Not a unit-level hedonic model. Table 1 (dependent = utility / trading-opportunity index) and Table 2 cols 2-3 are structural-model objects and are not extracted. Table 3 cols 2-3 add the standardized trading-opportunities index r, expectations E(V) and credit controls (not extracted as hedonic variables). Standard errors in parentheses; stars * p<0.1, ** p<0.05, *** p<0.01; SE type not stated for these tables. Test score x year interactions in Table 2 are year-specific school-quality gradients (2005-2012). Observations 37,564 (Table 2 col 1, Table 3)."27 },28 "models": [29 {30 "model_id": "T2-c1",31 "table": "2",32 "column": "1",33 "page": 44,34 "dep_var": "log(Transaction Price_jt) (neighbourhood-year mean)",35 "dep_transform": "log",36 "estimator": "OLS",37 "n_obs": 37564,38 "r2": 0.793,39 "se_or_t_in_parentheses": "se",40 "sample_subset": "neighbourhood x year panel; test scores interacted with year dummies; adj R2 0.754; residual SE 0.358 (df=31574)"41 },42 {43 "model_id": "T3-c1",44 "table": "3",45 "column": "1",46 "page": 45,47 "dep_var": "log(Transaction Price_jt) (neighbourhood-year mean)",48 "dep_transform": "log",49 "estimator": "OLS",50 "n_obs": 37564,51 "r2": 0.772,52 "se_or_t_in_parentheses": "se",53 "sample_subset": "baseline price-amenity regression; adj R2 0.728"54 },55 {56 "model_id": "T3-c2",57 "table": "3",58 "column": "2",59 "page": 45,60 "dep_var": "log(Transaction Price_jt) (neighbourhood-year mean)",61 "dep_transform": "log",62 "estimator": "OLS",63 "n_obs": 37564,64 "r2": 0.788,65 "se_or_t_in_parentheses": "se",66 "sample_subset": "adds standardized trading-opportunities index r and E(V); adj R2 0.747"67 },68 {69 "model_id": "T3-c3",70 "table": "3",71 "column": "3",72 "page": 45,73 "dep_var": "log(Transaction Price_jt) (neighbourhood-year mean)",74 "dep_transform": "log",75 "estimator": "OLS",76 "n_obs": 37564,77 "r2": 0.844,78 "se_or_t_in_parentheses": "se",79 "sample_subset": "adds r interacted with log balance, approval rates, log interest cost, plus credit controls; adj R2 0.814"80 }81 ],82 "coefficients": [83 {84 "model_id": "T2-c1",85 "var_name_printed": "log(Median Household Income)",86 "taxonomy_id": "income",87 "x_transform": "log",88 "x_unit": "currency",89 "beta": 0.041,90 "se": 0.019,91 "t": null,92 "p": null,93 "p_stars": "**",94 "ci_lo": null,95 "ci_hi": null,96 "page": 44,97 "confidence": "high",98 "notes": "neighbourhood median household income (log)"99 },100 {101 "model_id": "T2-c1",102 "var_name_printed": "Frac Black",103 "taxonomy_id": "demographics",104 "x_transform": "level",105 "x_unit": "share",106 "beta": -0.12,107 "se": 0.08,108 "t": null,109 "p": null,110 "p_stars": "",111 "ci_lo": null,112 "ci_hi": null,113 "page": 44,114 "confidence": "high",115 "notes": "share of Black residents"116 },117 {118 "model_id": "T2-c1",119 "var_name_printed": "Frac Hispanic",120 "taxonomy_id": "demographics",121 "x_transform": "level",122 "x_unit": "share",123 "beta": -0.166,124 "se": 0.057,125 "t": null,126 "p": null,127 "p_stars": "***",128 "ci_lo": null,129 "ci_hi": null,130 "page": 44,131 "confidence": "high",132 "notes": "share of Hispanic residents"133 },134 {135 "model_id": "T2-c1",136 "var_name_printed": "Frac Asian",137 "taxonomy_id": "demographics",138 "x_transform": "level",139 "x_unit": "share",140 "beta": -0.069,141 "se": 0.088,142 "t": null,143 "p": null,144 "p_stars": "",145 "ci_lo": null,146 "ci_hi": null,147 "page": 44,148 "confidence": "high",149 "notes": "share of Asian residents"150 },151 {152 "model_id": "T2-c1",153 "var_name_printed": "Average Test Score (IL) ×2005",154 "taxonomy_id": "school_quality",155 "x_transform": "level",156 "x_unit": "score",157 "beta": -0.156,158 "se": 0.027,159 "t": null,160 "p": null,161 "p_stars": "***",162 "ci_lo": null,163 "ci_hi": null,164 "page": 44,165 "confidence": "high",166 "notes": "standardized Illinois school test score interacted with year 2005"167 },168 {169 "model_id": "T2-c1",170 "var_name_printed": "Average Test Score (IL) ×2006",171 "taxonomy_id": "school_quality",172 "x_transform": "level",173 "x_unit": "score",174 "beta": -0.175,175 "se": 0.027,176 "t": null,177 "p": null,178 "p_stars": "***",179 "ci_lo": null,180 "ci_hi": null,181 "page": 44,182 "confidence": "high",183 "notes": "interaction with year 2006"184 },185 {186 "model_id": "T2-c1",187 "var_name_printed": "Average Test Score (IL) ×2007",188 "taxonomy_id": "school_quality",189 "x_transform": "level",190 "x_unit": "score",191 "beta": -0.143,192 "se": 0.027,193 "t": null,194 "p": null,195 "p_stars": "***",196 "ci_lo": null,197 "ci_hi": null,198 "page": 44,199 "confidence": "high",200 "notes": "interaction with year 2007"201 },202 {203 "model_id": "T2-c1",204 "var_name_printed": "Average Test Score (IL) ×2008",205 "taxonomy_id": "school_quality",206 "x_transform": "level",207 "x_unit": "score",208 "beta": 0.025,209 "se": 0.028,210 "t": null,211 "p": null,212 "p_stars": "",213 "ci_lo": null,214 "ci_hi": null,215 "page": 44,216 "confidence": "high",217 "notes": "interaction with year 2008"218 },219 {220 "model_id": "T2-c1",221 "var_name_printed": "Average Test Score (IL) ×2009",222 "taxonomy_id": "school_quality",223 "x_transform": "level",224 "x_unit": "score",225 "beta": 0.128,226 "se": 0.027,227 "t": null,228 "p": null,229 "p_stars": "***",230 "ci_lo": null,231 "ci_hi": null,232 "page": 44,233 "confidence": "high",234 "notes": "interaction with year 2009"235 },236 {237 "model_id": "T2-c1",238 "var_name_printed": "Average Test Score (IL) ×2010",239 "taxonomy_id": "school_quality",240 "x_transform": "level",241 "x_unit": "score",242 "beta": 0.114,243 "se": 0.027,244 "t": null,245 "p": null,246 "p_stars": "***",247 "ci_lo": null,248 "ci_hi": null,249 "page": 44,250 "confidence": "high",251 "notes": "interaction with year 2010"252 },253 {254 "model_id": "T2-c1",255 "var_name_printed": "Average Test Score (IL) ×2011",256 "taxonomy_id": "school_quality",257 "x_transform": "level",258 "x_unit": "score",259 "beta": 0.081,260 "se": 0.026,261 "t": null,262 "p": null,263 "p_stars": "***",264 "ci_lo": null,265 "ci_hi": null,266 "page": 44,267 "confidence": "high",268 "notes": "interaction with year 2011"269 },270 {271 "model_id": "T2-c1",272 "var_name_printed": "Average Test Score (IL) ×2012",273 "taxonomy_id": "school_quality",274 "x_transform": "level",275 "x_unit": "score",276 "beta": 0.077,277 "se": 0.027,278 "t": null,279 "p": null,280 "p_stars": "***",281 "ci_lo": null,282 "ci_hi": null,283 "page": 44,284 "confidence": "high",285 "notes": "interaction with year 2012"286 },287 {288 "model_id": "T2-c1",289 "var_name_printed": "Share of Schools with B",290 "taxonomy_id": "school_quality",291 "x_transform": "level",292 "x_unit": "share",293 "beta": 0.018,294 "se": 0.061,295 "t": null,296 "p": null,297 "p_stars": "",298 "ci_lo": null,299 "ci_hi": null,300 "page": 44,301 "confidence": "high",302 "notes": "Indiana school letter grade share (ref A)"303 },304 {305 "model_id": "T2-c1",306 "var_name_printed": "Share of Schools with C",307 "taxonomy_id": "school_quality",308 "x_transform": "level",309 "x_unit": "share",310 "beta": -0.205,311 "se": 0.053,312 "t": null,313 "p": null,314 "p_stars": "***",315 "ci_lo": null,316 "ci_hi": null,317 "page": 44,318 "confidence": "high",319 "notes": "Indiana school letter grade share"320 },321 {322 "model_id": "T2-c1",323 "var_name_printed": "Share of Schools with D",324 "taxonomy_id": "school_quality",325 "x_transform": "level",326 "x_unit": "share",327 "beta": -0.111,328 "se": 0.061,329 "t": null,330 "p": null,331 "p_stars": "*",332 "ci_lo": null,333 "ci_hi": null,334 "page": 44,335 "confidence": "high",336 "notes": "Indiana school letter grade share"337 },338 {339 "model_id": "T2-c1",340 "var_name_printed": "Share of Schools with F",341 "taxonomy_id": "school_quality",342 "x_transform": "level",343 "x_unit": "share",344 "beta": -0.104,345 "se": 0.145,346 "t": null,347 "p": null,348 "p_stars": "",349 "ci_lo": null,350 "ci_hi": null,351 "page": 44,352 "confidence": "high",353 "notes": "Indiana school letter grade share"354 },355 {356 "model_id": "T2-c1",357 "var_name_printed": "Median Test Score (WI)",358 "taxonomy_id": "school_quality",359 "x_transform": "level",360 "x_unit": "score",361 "beta": -0.045,362 "se": 1.22,363 "t": null,364 "p": null,365 "p_stars": "",366 "ci_lo": null,367 "ci_hi": null,368 "page": 44,369 "confidence": "high",370 "notes": "Wisconsin median test score"371 },372 {373 "model_id": "T2-c1",374 "var_name_printed": "Median Year Structure Built",375 "taxonomy_id": "age",376 "x_transform": "level",377 "x_unit": "years",378 "beta": 0.004,379 "se": 0.001,380 "t": null,381 "p": null,382 "p_stars": "***",383 "ci_lo": null,384 "ci_hi": null,385 "page": 44,386 "confidence": "high",387 "notes": "neighbourhood median year built (higher = newer)"388 },389 {390 "model_id": "T2-c1",391 "var_name_printed": "Median Number of Rooms",392 "taxonomy_id": "bedrooms",393 "x_transform": "level",394 "x_unit": "count",395 "beta": 0.032,396 "se": 0.01,397 "t": null,398 "p": null,399 "p_stars": "***",400 "ci_lo": null,401 "ci_hi": null,402 "page": 44,403 "confidence": "high",404 "notes": "neighbourhood median number of rooms"405 },406 {407 "model_id": "T2-c1",408 "var_name_printed": "log(Offenses Per Capita)",409 "taxonomy_id": "crime",410 "x_transform": "log",411 "x_unit": "rate",412 "beta": -0.376,413 "se": 0.686,414 "t": null,415 "p": null,416 "p_stars": "",417 "ci_lo": null,418 "ci_hi": null,419 "page": 44,420 "confidence": "high",421 "notes": "geocoded criminal offenses per capita (log)"422 },423 {424 "model_id": "T3-c1",425 "var_name_printed": "log(Median Household Income)",426 "taxonomy_id": "income",427 "x_transform": "log",428 "x_unit": "currency",429 "beta": 0.044,430 "se": 0.022,431 "t": null,432 "p": null,433 "p_stars": "**",434 "ci_lo": null,435 "ci_hi": null,436 "page": 45,437 "confidence": "high",438 "notes": "neighbourhood median household income (log)"439 },440 {441 "model_id": "T3-c1",442 "var_name_printed": "Frac. Black",443 "taxonomy_id": "demographics",444 "x_transform": "level",445 "x_unit": "share",446 "beta": -0.16,447 "se": 0.09,448 "t": null,449 "p": null,450 "p_stars": "*",451 "ci_lo": null,452 "ci_hi": null,453 "page": 45,454 "confidence": "high",455 "notes": "share of Black residents"456 },457 {458 "model_id": "T3-c1",459 "var_name_printed": "Frac. Hispanic",460 "taxonomy_id": "demographics",461 "x_transform": "level",462 "x_unit": "share",463 "beta": -0.201,464 "se": 0.06,465 "t": null,466 "p": null,467 "p_stars": "***",468 "ci_lo": null,469 "ci_hi": null,470 "page": 45,471 "confidence": "high",472 "notes": "share of Hispanic residents"473 },474 {475 "model_id": "T3-c1",476 "var_name_printed": "Frac. Asian",477 "taxonomy_id": "demographics",478 "x_transform": "level",479 "x_unit": "share",480 "beta": 0.032,481 "se": 0.09,482 "t": null,483 "p": null,484 "p_stars": "",485 "ci_lo": null,486 "ci_hi": null,487 "page": 45,488 "confidence": "high",489 "notes": "share of Asian residents"490 },491 {492 "model_id": "T3-c1",493 "var_name_printed": "Mean Test Score (IL)",494 "taxonomy_id": "school_quality",495 "x_transform": "level",496 "x_unit": "score",497 "beta": -0.03,498 "se": 0.006,499 "t": null,500 "p": null,501 "p_stars": "***",502 "ci_lo": null,503 "ci_hi": null,504 "page": 45,505 "confidence": "high",506 "notes": "standardized Illinois mean school test score"507 },508 {509 "model_id": "T3-c1",510 "var_name_printed": "Share of Schools with B (IN)",511 "taxonomy_id": "school_quality",512 "x_transform": "level",513 "x_unit": "share",514 "beta": 0.015,515 "se": 0.06,516 "t": null,517 "p": null,518 "p_stars": "",519 "ci_lo": null,520 "ci_hi": null,521 "page": 45,522 "confidence": "high",523 "notes": "Indiana school letter grade share"524 },525 {526 "model_id": "T3-c1",527 "var_name_printed": "Share of Schools with C (IN)",528 "taxonomy_id": "school_quality",529 "x_transform": "level",530 "x_unit": "share",531 "beta": -0.201,532 "se": 0.053,533 "t": null,534 "p": null,535 "p_stars": "***",536 "ci_lo": null,537 "ci_hi": null,538 "page": 45,539 "confidence": "high",540 "notes": "Indiana school letter grade share"541 },542 {543 "model_id": "T3-c1",544 "var_name_printed": "Share of Schools with D (IN)",545 "taxonomy_id": "school_quality",546 "x_transform": "level",547 "x_unit": "share",548 "beta": -0.108,549 "se": 0.061,550 "t": null,551 "p": null,552 "p_stars": "*",553 "ci_lo": null,554 "ci_hi": null,555 "page": 45,556 "confidence": "high",557 "notes": "Indiana school letter grade share"558 },559 {560 "model_id": "T3-c1",561 "var_name_printed": "Share of Schools with F (IN)",562 "taxonomy_id": "school_quality",563 "x_transform": "level",564 "x_unit": "share",565 "beta": -0.093,566 "se": 0.144,567 "t": null,568 "p": null,569 "p_stars": "",570 "ci_lo": null,571 "ci_hi": null,572 "page": 45,573 "confidence": "high",574 "notes": "Indiana school letter grade share"575 },576 {577 "model_id": "T3-c1",578 "var_name_printed": "Median Test Score (WI)",579 "taxonomy_id": "school_quality",580 "x_transform": "level",581 "x_unit": "score",582 "beta": -0.027,583 "se": 1.219,584 "t": null,585 "p": null,586 "p_stars": "",587 "ci_lo": null,588 "ci_hi": null,589 "page": 45,590 "confidence": "high",591 "notes": "Wisconsin median test score"592 },593 {594 "model_id": "T3-c1",595 "var_name_printed": "Median Year Structure Built",596 "taxonomy_id": "age",597 "x_transform": "level",598 "x_unit": "years",599 "beta": 0.004,600 "se": 0.001,601 "t": null,602 "p": null,603 "p_stars": "***",604 "ci_lo": null,605 "ci_hi": null,606 "page": 45,607 "confidence": "high",608 "notes": "neighbourhood median year built (higher = newer)"609 },610 {611 "model_id": "T3-c1",612 "var_name_printed": "Median Number of Rooms",613 "taxonomy_id": "bedrooms",614 "x_transform": "level",615 "x_unit": "count",616 "beta": 0.05,617 "se": 0.012,618 "t": null,619 "p": null,620 "p_stars": "***",621 "ci_lo": null,622 "ci_hi": null,623 "page": 45,624 "confidence": "high",625 "notes": "neighbourhood median number of rooms"626 },627 {628 "model_id": "T3-c1",629 "var_name_printed": "log(Offenses per Capita)",630 "taxonomy_id": "crime",631 "x_transform": "log",632 "x_unit": "rate",633 "beta": -5.474,634 "se": 0.695,635 "t": null,636 "p": null,637 "p_stars": "***",638 "ci_lo": null,639 "ci_hi": null,640 "page": 45,641 "confidence": "high",642 "notes": "geocoded criminal offenses per capita (log)"643 },644 {645 "model_id": "T3-c2",646 "var_name_printed": "log(Median Household Income)",647 "taxonomy_id": "income",648 "x_transform": "log",649 "x_unit": "currency",650 "beta": 0.001,651 "se": 0.019,652 "t": null,653 "p": null,654 "p_stars": "",655 "ci_lo": null,656 "ci_hi": null,657 "page": 45,658 "confidence": "high",659 "notes": "neighbourhood median household income (log); conditional on trading-opportunities index and expectations"660 },661 {662 "model_id": "T3-c2",663 "var_name_printed": "Frac. Black",664 "taxonomy_id": "demographics",665 "x_transform": "level",666 "x_unit": "share",667 "beta": -0.118,668 "se": 0.085,669 "t": null,670 "p": null,671 "p_stars": "",672 "ci_lo": null,673 "ci_hi": null,674 "page": 45,675 "confidence": "high",676 "notes": "share of Black residents; conditional on trading-opportunities index and expectations"677 },678 {679 "model_id": "T3-c2",680 "var_name_printed": "Frac. Hispanic",681 "taxonomy_id": "demographics",682 "x_transform": "level",683 "x_unit": "share",684 "beta": -0.23,685 "se": 0.058,686 "t": null,687 "p": null,688 "p_stars": "***",689 "ci_lo": null,690 "ci_hi": null,691 "page": 45,692 "confidence": "high",693 "notes": "share of Hispanic residents; conditional on trading-opportunities index and expectations"694 },695 {696 "model_id": "T3-c2",697 "var_name_printed": "Frac. Asian",698 "taxonomy_id": "demographics",699 "x_transform": "level",700 "x_unit": "share",701 "beta": -0.363,702 "se": 0.095,703 "t": null,704 "p": null,705 "p_stars": "***",706 "ci_lo": null,707 "ci_hi": null,708 "page": 45,709 "confidence": "high",710 "notes": "share of Asian residents; conditional on trading-opportunities index and expectations"711 },712 {713 "model_id": "T3-c2",714 "var_name_printed": "Mean Test Score (IL)",715 "taxonomy_id": "school_quality",716 "x_transform": "level",717 "x_unit": "score",718 "beta": 0.016,719 "se": 0.006,720 "t": null,721 "p": null,722 "p_stars": "***",723 "ci_lo": null,724 "ci_hi": null,725 "page": 45,726 "confidence": "high",727 "notes": "standardized Illinois mean school test score; conditional on trading-opportunities index and expectations"728 },729 {730 "model_id": "T3-c2",731 "var_name_printed": "Share of Schools with B (IN)",732 "taxonomy_id": "school_quality",733 "x_transform": "level",734 "x_unit": "share",735 "beta": 0.004,736 "se": 0.063,737 "t": null,738 "p": null,739 "p_stars": "",740 "ci_lo": null,741 "ci_hi": null,742 "page": 45,743 "confidence": "high",744 "notes": "Indiana school letter grade share; conditional on trading-opportunities index and expectations"745 },746 {747 "model_id": "T3-c2",748 "var_name_printed": "Share of Schools with C (IN)",749 "taxonomy_id": "school_quality",750 "x_transform": "level",751 "x_unit": "share",752 "beta": -0.265,753 "se": 0.058,754 "t": null,755 "p": null,756 "p_stars": "***",757 "ci_lo": null,758 "ci_hi": null,759 "page": 45,760 "confidence": "high",761 "notes": "Indiana school letter grade share; conditional on trading-opportunities index and expectations"762 },763 {764 "model_id": "T3-c2",765 "var_name_printed": "Share of Schools with D (IN)",766 "taxonomy_id": "school_quality",767 "x_transform": "level",768 "x_unit": "share",769 "beta": -0.061,770 "se": 0.067,771 "t": null,772 "p": null,773 "p_stars": "",774 "ci_lo": null,775 "ci_hi": null,776 "page": 45,777 "confidence": "high",778 "notes": "Indiana school letter grade share; conditional on trading-opportunities index and expectations"779 },780 {781 "model_id": "T3-c2",782 "var_name_printed": "Share of Schools with F (IN)",783 "taxonomy_id": "school_quality",784 "x_transform": "level",785 "x_unit": "share",786 "beta": 0.141,787 "se": 0.133,788 "t": null,789 "p": null,790 "p_stars": "",791 "ci_lo": null,792 "ci_hi": null,793 "page": 45,794 "confidence": "high",795 "notes": "Indiana school letter grade share; conditional on trading-opportunities index and expectations"796 },797 {798 "model_id": "T3-c2",799 "var_name_printed": "Median Test Score (WI)",800 "taxonomy_id": "school_quality",801 "x_transform": "level",802 "x_unit": "score",803 "beta": -0.557,804 "se": 1.239,805 "t": null,806 "p": null,807 "p_stars": "",808 "ci_lo": null,809 "ci_hi": null,810 "page": 45,811 "confidence": "high",812 "notes": "Wisconsin median test score; conditional on trading-opportunities index and expectations"813 },814 {815 "model_id": "T3-c2",816 "var_name_printed": "Median Year Structure Built",817 "taxonomy_id": "age",818 "x_transform": "level",819 "x_unit": "years",820 "beta": 0.002,821 "se": 0.001,822 "t": null,823 "p": null,824 "p_stars": "***",825 "ci_lo": null,826 "ci_hi": null,827 "page": 45,828 "confidence": "high",829 "notes": "neighbourhood median year built (higher = newer); conditional on trading-opportunities index and expectations"830 },831 {832 "model_id": "T3-c2",833 "var_name_printed": "Median Number of Rooms",834 "taxonomy_id": "bedrooms",835 "x_transform": "level",836 "x_unit": "count",837 "beta": 0.002,838 "se": 0.011,839 "t": null,840 "p": null,841 "p_stars": "",842 "ci_lo": null,843 "ci_hi": null,844 "page": 45,845 "confidence": "high",846 "notes": "neighbourhood median number of rooms; conditional on trading-opportunities index and expectations"847 },848 {849 "model_id": "T3-c2",850 "var_name_printed": "log(Offenses per Capita)",851 "taxonomy_id": "crime",852 "x_transform": "log",853 "x_unit": "rate",854 "beta": -3.338,855 "se": 0.664,856 "t": null,857 "p": null,858 "p_stars": "***",859 "ci_lo": null,860 "ci_hi": null,861 "page": 45,862 "confidence": "high",863 "notes": "geocoded criminal offenses per capita (log); conditional on trading-opportunities index and expectations"864 },865 {866 "model_id": "T3-c3",867 "var_name_printed": "log(Median Household Income)",868 "taxonomy_id": "income",869 "x_transform": "log",870 "x_unit": "currency",871 "beta": 0.005,872 "se": 0.015,873 "t": null,874 "p": null,875 "p_stars": "",876 "ci_lo": null,877 "ci_hi": null,878 "page": 45,879 "confidence": "high",880 "notes": "neighbourhood median household income (log); conditional on trading-opportunities index and expectations"881 },882 {883 "model_id": "T3-c3",884 "var_name_printed": "Frac. Black",885 "taxonomy_id": "demographics",886 "x_transform": "level",887 "x_unit": "share",888 "beta": -0.106,889 "se": 0.057,890 "t": null,891 "p": null,892 "p_stars": "*",893 "ci_lo": null,894 "ci_hi": null,895 "page": 45,896 "confidence": "high",897 "notes": "share of Black residents; conditional on trading-opportunities index and expectations"898 },899 {900 "model_id": "T3-c3",901 "var_name_printed": "Frac. Hispanic",902 "taxonomy_id": "demographics",903 "x_transform": "level",904 "x_unit": "share",905 "beta": -0.081,906 "se": 0.042,907 "t": null,908 "p": null,909 "p_stars": "*",910 "ci_lo": null,911 "ci_hi": null,912 "page": 45,913 "confidence": "high",914 "notes": "share of Hispanic residents; conditional on trading-opportunities index and expectations"915 },916 {917 "model_id": "T3-c3",918 "var_name_printed": "Frac. Asian",919 "taxonomy_id": "demographics",920 "x_transform": "level",921 "x_unit": "share",922 "beta": -0.18,923 "se": 0.066,924 "t": null,925 "p": null,926 "p_stars": "***",927 "ci_lo": null,928 "ci_hi": null,929 "page": 45,930 "confidence": "high",931 "notes": "share of Asian residents; conditional on trading-opportunities index and expectations"932 },933 {934 "model_id": "T3-c3",935 "var_name_printed": "Mean Test Score (IL)",936 "taxonomy_id": "school_quality",937 "x_transform": "level",938 "x_unit": "score",939 "beta": 0.004,940 "se": 0.005,941 "t": null,942 "p": null,943 "p_stars": "",944 "ci_lo": null,945 "ci_hi": null,946 "page": 45,947 "confidence": "high",948 "notes": "standardized Illinois mean school test score; conditional on trading-opportunities index and expectations"949 },950 {951 "model_id": "T3-c3",952 "var_name_printed": "Share of Schools with B (IN)",953 "taxonomy_id": "school_quality",954 "x_transform": "level",955 "x_unit": "share",956 "beta": 0.006,957 "se": 0.051,958 "t": null,959 "p": null,960 "p_stars": "",961 "ci_lo": null,962 "ci_hi": null,963 "page": 45,964 "confidence": "high",965 "notes": "Indiana school letter grade share; conditional on trading-opportunities index and expectations"966 },967 {968 "model_id": "T3-c3",969 "var_name_printed": "Share of Schools with C (IN)",970 "taxonomy_id": "school_quality",971 "x_transform": "level",972 "x_unit": "share",973 "beta": -0.161,974 "se": 0.045,975 "t": null,976 "p": null,977 "p_stars": "***",978 "ci_lo": null,979 "ci_hi": null,980 "page": 45,981 "confidence": "high",982 "notes": "Indiana school letter grade share; conditional on trading-opportunities index and expectations"983 },984 {985 "model_id": "T3-c3",986 "var_name_printed": "Share of Schools with D (IN)",987 "taxonomy_id": "school_quality",988 "x_transform": "level",989 "x_unit": "share",990 "beta": -0.056,991 "se": 0.055,992 "t": null,993 "p": null,994 "p_stars": "",995 "ci_lo": null,996 "ci_hi": null,997 "page": 45,998 "confidence": "high",999 "notes": "Indiana school letter grade share; conditional on trading-opportunities index and expectations"1000 },1001 {1002 "model_id": "T3-c3",1003 "var_name_printed": "Share of Schools with F (IN)",1004 "taxonomy_id": "school_quality",1005 "x_transform": "level",1006 "x_unit": "share",1007 "beta": -0.039,1008 "se": 0.124,1009 "t": null,1010 "p": null,1011 "p_stars": "",1012 "ci_lo": null,1013 "ci_hi": null,1014 "page": 45,1015 "confidence": "high",1016 "notes": "Indiana school letter grade share; conditional on trading-opportunities index and expectations"1017 },1018 {1019 "model_id": "T3-c3",1020 "var_name_printed": "Median Test Score (WI)",1021 "taxonomy_id": "school_quality",1022 "x_transform": "level",1023 "x_unit": "score",1024 "beta": -0.175,1025 "se": 1.047,1026 "t": null,1027 "p": null,1028 "p_stars": "",1029 "ci_lo": null,1030 "ci_hi": null,1031 "page": 45,1032 "confidence": "high",1033 "notes": "Wisconsin median test score; conditional on trading-opportunities index and expectations"1034 },1035 {1036 "model_id": "T3-c3",1037 "var_name_printed": "Median Year Structure Built",1038 "taxonomy_id": "age",1039 "x_transform": "level",1040 "x_unit": "years",1041 "beta": 0.001,1042 "se": 0.001,1043 "t": null,1044 "p": null,1045 "p_stars": "",1046 "ci_lo": null,1047 "ci_hi": null,1048 "page": 45,1049 "confidence": "high",1050 "notes": "neighbourhood median year built (higher = newer); conditional on trading-opportunities index and expectations"1051 },1052 {1053 "model_id": "T3-c3",1054 "var_name_printed": "Median Number of Rooms",1055 "taxonomy_id": "bedrooms",1056 "x_transform": "level",1057 "x_unit": "count",1058 "beta": 0.011,1059 "se": 0.008,1060 "t": null,1061 "p": null,1062 "p_stars": "",1063 "ci_lo": null,1064 "ci_hi": null,1065 "page": 45,1066 "confidence": "high",1067 "notes": "neighbourhood median number of rooms; conditional on trading-opportunities index and expectations"1068 },1069 {1070 "model_id": "T3-c3",1071 "var_name_printed": "log(Offenses per Capita)",1072 "taxonomy_id": "crime",1073 "x_transform": "log",1074 "x_unit": "rate",1075 "beta": -2.329,1076 "se": 0.549,1077 "t": null,1078 "p": null,1079 "p_stars": "***",1080 "ci_lo": null,1081 "ci_hi": null,1082 "page": 45,1083 "confidence": "high",1084 "notes": "geocoded criminal offenses per capita (log); conditional on trading-opportunities index and expectations"1085 }1086 ]1087}