Housing debt and depressive symptoms: evidence from the China family panel studies

BMC Psychology

Table 3 The impact of housing debt on depressive symptoms (CES-D8 scores)

Variables	(1)	(2)	(3)	(4)
Housing debt (Yes = 1)	0.176**
	(0.072)
Bank housing loans (Yes = 1)		0.053
		(0.106)
Non-bank housing loans (Yes = 1)		0.213***
		(0.079)
Ln (amount of housing debt)			0.016**
			(0.007)
Ln (amount of bank housing loans)				0.005
				(0.009)
Ln (amount of non-bank housing loans)				0.019**
				(0.007)
Control variables	Yes	Yes	Yes	Yes
Individual fixed effects	Yes	Yes	Yes	Yes
Time fixed effects	Yes	Yes	Yes	Yes
Observations	25,232	25,232	25,232	25,232

Note Robust standard errors are in parentheses. *** p < 0.01, **p < 0.05, * p < 0.1. The complete table is in the Appendix Table A1

ISSN: 2050-7283