Table III The Incremental Effect of a Sex Offender on a Home’s Time on Market and Probability of Sale – Weibull Accelerated Failure-Time Form and Log Relative-Hazard Form Weibull Distribution Weibull Distribution Coefficients Coefficients Dependent Variable: Days on Market Dependent Variable: Sold [5] [6] First Sex Offender 0.098** -0.146** 0.25 mile (1.98) (-1.99) ≤ Second Sex Offender 0.012 -0.018 0.25 mile (0.17) (-0.17) ≤ Third Sex Offender 0.794*** -1.179*** 0.25 mile (3.30) (-3.29) ≤ Four or More Sex Offenders 0.538** -0.798** 0.25 mile (2.50) (-2.50) ≤ /ln_p 0.394*** 0.394*** (28.35) (28.35) p 1.48 1.48 Property Characteristics Macroeconomic Controls Season Fixed Effects Census Block Groups Year Fixed Effects Observations 19,701 19,701 Sold Homes 12,406 12,406 Robust z-statistics in parentheses (Errors Clustered by Census Block Group) Notes. *** p<0.01, ** p<0.05, * p<0.10
Table III The Incremental Effect of a Sex Offender on a Home’s Time on Market and Probability of Sale – Weibull Accelerated Failure-Time Form and Log Relative-Hazard Form Weibull Distribution Coefficients Dependent Variable: Days on Market Weibull Distribution Coefficients Dependent Variable: Sold [5] [6] First Sex Offender ≤ 0.25 mile 0.098** (1.98) -0.146** (-1.99) Second Sex Offender ≤ 0.25 mile 0.012 (0.17) -0.018 (-0.17) Third Sex Offender ≤ 0.25 mile 0.794*** (3.30) -1.179*** (-3.29) Four or More Sex Offenders ≤ 0.25 mile 0.538** (2.50) -0.798** (-2.50) /ln_p 0.394*** (28.35) 0.394*** (28.35) p 1.48 1.48 Property Characteristics Macroeconomic Controls Season Fixed Effects Census Block Groups Year Fixed Effects Observations 19,701 19,701 Sold Homes 12,406 12,406 Notes. Robust z-statistics in parentheses (Errors Clustered by Census Block Group) *** p<0.01, ** p<0.05, * p<0.10
bian-brastow-stoll-waller-wentland-neighborhood-tipping-and-sorting-dynamics-in-real-estate.docx