Testing Estimates of Housing Cost Differences among US Metropolitan Areas

Table 5

Predicting the proxy with housing cost measures alone.

	Measure A	Measure B	Measure C	Measure D	Measure E	Measure F
Large sample
Constant	5.959^*	5.927^*	5.967^*	6.124^*	6.018^*
	(0.121)	(0.110)	(0.084)	(0.085)	(0.136)
Housing cost measure	−0.451^*	−0.419^*	−0.459^*	−0.616^*	−0.517^*
	(0.116)	(0.105)	(0.079)	(0.080)	(0.132)
-squared	0.079	0.083	0.163	0.252	0.082
SEE	0.421	0.420	0.402	0.380	0.421
Metropolitan areas	176	176	176	176	176
ACCRA sample
Constant	5.852^*	6.034^*	6.252^*	6.324^*	6.211^*	5.983^*
	(0.229)	(0.217)	(0.206)	(0.146)	(0.295)	(0.218)
Housing cost measure	−0.348	−0.553^*	−0.825^*	−0.872^*	−0.739^*	−0.005^*
	(0.242)	(0.233)	(0.230)	(0.155)	(0.316)	(0.002)
-squared	0.024	0.062	0.132	0.272	0.061	0.050
SEE	0.406	0.398	0.383	0.351	0.399	0.401
Metropolitan areas	87	87	87	87	87	87