Description

Wooldridge Source: D. McFadden (1994), “Demographics, the Housing Market, and the Welfare of the Elderly,” in D.A. Wise (ed.), Studies in the Economics of Aging. Chicago: University of Chicago Press, 225-285. The data are contained in the article. Data loads lazily.

Usage

Format

A data.frame with 42 observations on 14 variables:

• year: 1947-1988

• inv: real housing inv, millions $

• pop: population, 1000s

• price: housing price index; 1982 = 1

• linv: log(inv)

• lpop: log(pop)

• lprice: log(price)

• t: time trend: t=1,...,42

• invpc: per capita inv: inv/pop

• linvpc: log(invpc)

• lprice_1: lprice[_n-1]

• linvpc_1: linvpc[_n-1]

• gprice: lprice - lprice_1

• ginvpc: linvpc - linvpc_1

Used in Text

pages 367, 370, 407, 638-639, 822?

Source

https://www.cengage.com/cgi-wadsworth/course_products_wp.pl?fid=M20b&product_isbn_issn=9781111531041

Examples