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Table 5 2SLS–PM10 effects on housing prices and wages at 6-month lag

From: Pollution and the choice of where to work and live within Mexico City

  (1) PM10 (2) House price (3) PM10 (4) Wage
Rainfall 6-month lag − 0.189 (0.0145)***   − 0.176 (0.0136)***  
Rainfall 7-month lag 0.0577 (0.0253)*   0.108 (0.0259)***  
Wage 0.0304 (0.0116)** 0.130 (0.0163)***   
PM10   − 0.133 (0.0612)*   0.534 (0.156)***
K–P statistic   172.8   168.9
K–P F-statistic   111.7   111.5
Hansen J statistic   0.102   0.186
Hansen J p value   0.749   0.667
R-squared 0.882 0.416 0.864 0.0889
Observations 1381 1381 1381 1381
  1. Standard errors in parentheses
  2. Columns (1) and (3) represent the first stage results and (2) and (4) are the second stage results of the 2SLS estimation for the house and wage equations at the 6-month lag, respectively. Standard errors are clustered at the zip code level. All regressions include all controls and zip code fixed effects. K–P Stat: Kleibergen–Paap LM statistic. K–P F-stat: Kleibergen–Paap Wald F-statistic
  3. p <0.05, ** p <0.01, *** p <0.001