Variables

(A). Differences between 1985 and 1995

(B). Differences between 1995 and 2005

Endowments effect

Coefficients effect

Interaction effect

Endowments effect

Coefficients effect

Interaction effect

Intercept

−93.34

135.00

Age

1.85

61.34

3.79

9.87

22.34

2.28

Gender

−0.58

−25.95

1.37

1.27

87.55

−7.88

Education

−3.65

39.45

6.38

1.94

58.78

5.81

Household size

−88.68**

871.61**

−128.41

−170.66**

555.20**

−75.41**

Number of elderly members

−2.61

−6.71

−3.72

−6.11

−2.98

−1.02

Number of wage earners

5.40**

−1.82

0.11

11.38*

260.08**

−34.50**

Income

429.78**

−111.49**

−101.00**

−12.09*

−202.82**

2.30

Owner occupied

−0.59

28.33

2.16

1.03

49.87

−1.86

Without business use

−9.95**

−54.97

−2.27

−5.21**

−109.73

1.11

2 - 3 floors

1.17*

39.29*

2.36

1.54

45.15

2.47

4 - 5 floors

10.95**

104.73**

22.93**

−14.75**

−31.71

−8.07

>5 floors

32.61**

7.25**

17.34**

55.82**

−10.24

19.37**

Housing area

42.89**

−125.69**

−28.81**

11.09*

131.93**

−8.07

Number of televisions

36.00**

192.33**

42.89**

67.11**

−56.82

19.37**

Number of water heaters

22.50**

33.73

13.99

0.70

−41.07

−8.81

Number of air conditioners

529.29**

34.46**

93.73**

521.34**

−360.42**

−0.23

Number of washing machines

24.47**

194.83**

38.74**

16.38**

19.19

−220.52**

Total

1030.85**

1187.40**

−18.41

490.64**

549.28**

−320.60**

Sum of three components

2199.84

719.32

Variables

(C). Differences between 2005 and 2015

(D). Differences between 1985 and 2015

Endowments effect

Coefficients effect

Interaction effect

Endowments effect

Coefficients effect

Interaction effect

Intercept

830.87**

872.53**

Age

8.88

−222.69*

−15.05*

7.45

−107.97*

−26.88*

Gender

−6.47*

−9.87

0.96

−2.44

55.02

−12.20

Education

7.37

18.76

1.61

−8.71

104.75**

40.40**

Household size

−139.82**

167.47**

−14.96**

−198.00**

1750.02**

−575.67**

Number of elderly members

−7.79*

55.39**

15.49**

−7.87

17.88**

29.94**

Number of wage earners

−6.63**

−46.44

2.04

19.75**

217.98**

−48.11**

Income

−17.63**

−211.22**

7.75**

381.36**

−330.69**

−265.83**

Owner occupied

−2.71

75.78

−2.73

−0.66

141.97**

12.13**

Without business use

−4.62**

256.37**

2.79*

−16.97**

81.76

5.76

2 - 3 floors

−8.35**

−33.79

2.57**

0.07

50.76**

0.19

4 - 5 floors

23.18**

−75.88**

−12.16**

15.19**

11.20*

3.39

>5 floors

17.48**

−60.86**

−9.82**

82.79**

−5.81**

−35.09**

Housing area

10.04**

−156.44**

−6.60**

87.78**

−129.34**

−60.68**

Number of televisions

24.15**

−162.82**

−9.06**

79.31**

30.62

15.04

Number of water heaters

3.80

−148.44*

−6.73*

26.43**

−99.61**

−48.56**

Number of air conditioners

201.86**

−264.96**

−67.49**

1269.40**

−106.62**

−695.49**

Number of washing machines

10.39**

−215.14*

−5.35*

34.64**

38.78

10.92

Total

113.12**

−203.91**

−116.74**

1769.13**

2593.23**

−1650.73**

Sum of three components

−207.53

2711.64