------------------------------------------------------------------------------------------------------------------
      name:  <unnamed>
       log:  M:\ReplicationData\JournalArticles\CrossleyLevellPoupakis.JAE\log\cexresults.txt
  log type:  text
 opened on:  11 Mar 2022, 15:53:02

. 
. reg lnrnondurable_psid lnrallfood lnrutilities $npcovariates if owner==1 & inlist(int_yr,2005,2007,2009,2011)

      Source |       SS           df       MS      Number of obs   =     9,913
-------------+----------------------------------   F(10, 9902)     =   4905.12
       Model |  2651.66557        10  265.166557   Prob > F        =    0.0000
    Residual |  535.293917     9,902  .054059172   R-squared       =    0.8320
-------------+----------------------------------   Adj R-squared   =    0.8319
       Total |  3186.95949     9,912  .321525372   Root MSE        =    .23251

-------------------------------------------------------------------------------------
 lnrnondurable_psid |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
--------------------+----------------------------------------------------------------
         lnrallfood |   .5525102   .0043294   127.62   0.000     .5440237    .5609966
       lnrutilities |   .3969554   .0056931    69.73   0.000     .3857959     .408115
                age |   .0085887   .0009672     8.88   0.000     .0066927    .0104847
               age2 |  -.0000876   8.59e-06   -10.19   0.000    -.0001044   -.0000707
           numpeeps |   .0027727   .0019719     1.41   0.160    -.0010926    .0066381
   lnrearnings_head |    .031419   .0030184    10.41   0.000     .0255022    .0373357
rearnings_head_zero |   .2500775   .0324826     7.70   0.000     .1864051      .31375
           year2007 |   .0017422   .0072754     0.24   0.811    -.0125191    .0160035
           year2009 |  -.0271158   .0073507    -3.69   0.000    -.0415247   -.0127069
           year2011 |  -.0147959   .0074069    -2.00   0.046    -.0293149   -.0002768
              _cons |  -.2649915   .0567386    -4.67   0.000    -.3762107   -.1537722
-------------------------------------------------------------------------------------

. estimate save "estimates\first", replace
file estimates\first.ster saved

. 
. reg lnrnondurable_psid lnrallfood  $npcovariates if owner==1 & inlist(int_yr,2005,2007,2009,2011)

      Source |       SS           df       MS      Number of obs   =     9,928
-------------+----------------------------------   F(9, 9918)      =   3275.28
       Model |  2403.98579         9  267.109533   Prob > F        =    0.0000
    Residual |  808.845386     9,918  .081553275   R-squared       =    0.7482
-------------+----------------------------------   Adj R-squared   =    0.7480
       Total |  3212.83118     9,927  .323645732   Root MSE        =    .28558

-------------------------------------------------------------------------------------
 lnrnondurable_psid |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
--------------------+----------------------------------------------------------------
         lnrallfood |   .6388646   .0050926   125.45   0.000     .6288821    .6488471
                age |   .0164313   .0011781    13.95   0.000     .0141221    .0187406
               age2 |  -.0001523   .0000105   -14.53   0.000    -.0001729   -.0001318
           numpeeps |   .0316642   .0023675    13.37   0.000     .0270234     .036305
   lnrearnings_head |   .0539661   .0036821    14.66   0.000     .0467484    .0611838
rearnings_head_zero |   .4663424   .0396639    11.76   0.000      .388593    .5440918
           year2007 |  -.0041786   .0089257    -0.47   0.640    -.0216748    .0133177
           year2009 |  -.0149734    .009018    -1.66   0.097    -.0326505    .0027038
           year2011 |  -.0121307   .0090878    -1.33   0.182    -.0299447    .0056832
              _cons |   1.824541   .0587846    31.04   0.000     1.709312    1.939771
-------------------------------------------------------------------------------------

. estimate save "estimates\first_food", replace
file estimates\first_food.ster saved

. 
. reg lnrnondurable_psid lnrutilities $npcovariates if owner==1 & inlist(int_yr,2005,2007,2009,2011)

      Source |       SS           df       MS      Number of obs   =     9,931
-------------+----------------------------------   F(9, 9921)      =   1375.83
       Model |   1795.1445         9    199.4605   Prob > F        =    0.0000
    Residual |  1438.29032     9,921  .144974329   R-squared       =    0.5552
-------------+----------------------------------   Adj R-squared   =    0.5548
       Total |  3233.43482     9,930  .325622842   Root MSE        =    .38075

-------------------------------------------------------------------------------------
 lnrnondurable_psid |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
--------------------+----------------------------------------------------------------
       lnrutilities |   .6078527   .0089209    68.14   0.000     .5903661    .6253394
                age |   .0212175   .0015738    13.48   0.000     .0181326    .0243024
               age2 |  -.0001978    .000014   -14.15   0.000    -.0002252   -.0001704
           numpeeps |   .0720572   .0031008    23.24   0.000     .0659789    .0781354
   lnrearnings_head |    .103581   .0048536    21.34   0.000     .0940671     .113095
rearnings_head_zero |   .9135423    .052477    17.41   0.000     .8106768    1.016408
           year2007 |   .0285899   .0119026     2.40   0.016     .0052584    .0519213
           year2009 |  -.0019814   .0120271    -0.16   0.869    -.0255569    .0215941
           year2011 |   .0081498    .012119     0.67   0.501    -.0156059    .0319055
              _cons |   1.553864   .0897044    17.32   0.000     1.378025    1.729702
-------------------------------------------------------------------------------------

. estimate save "estimates\first_utilities", replace
file estimates\first_utilities.ster saved

. 
. gen insample = e(sample)

. *residualise variables
. foreach var in  lnrnondurable_psid lnrallfood lnrutilities lnrfoodout lnrfoodin {
  2.         reg `var' $npcovariates if insample==1
  3.         predict fwl_`var' if insample==1, res 
  4. }

      Source |       SS           df       MS      Number of obs   =     9,931
-------------+----------------------------------   F(8, 9922)      =    659.11
       Model |  1122.05125         8  140.256407   Prob > F        =    0.0000
    Residual |  2111.38356     9,922  .212798182   R-squared       =    0.3470
-------------+----------------------------------   Adj R-squared   =    0.3465
       Total |  3233.43482     9,930  .325622842   Root MSE        =     .4613

-------------------------------------------------------------------------------------
 lnrnondurable_psid |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
--------------------+----------------------------------------------------------------
                age |   .0364479   .0018874    19.31   0.000     .0327483    .0401475
               age2 |  -.0003259   .0000168   -19.42   0.000    -.0003588    -.000293
           numpeeps |   .1375675   .0035716    38.52   0.000     .1305664    .1445686
   lnrearnings_head |   .1597388   .0057949    27.57   0.000     .1483797     .171098
rearnings_head_zero |   1.450413   .0628573    23.07   0.000       1.3272    1.573626
           year2007 |   .0255089   .0144204     1.77   0.077    -.0027579    .0537758
           year2009 |   .0228951   .0145646     1.57   0.116    -.0056545    .0514446
           year2011 |   .0172185   .0146818     1.17   0.241    -.0115608    .0459978
              _cons |   5.559725   .0820869    67.73   0.000     5.398818    5.720632
-------------------------------------------------------------------------------------
(27,591 missing values generated)

      Source |       SS           df       MS      Number of obs   =     9,913
-------------+----------------------------------   F(8, 9904)      =    469.24
       Model |   1189.9688         8    148.7461   Prob > F        =    0.0000
    Residual |  3139.51194     9,904   .31699434   R-squared       =    0.2749
-------------+----------------------------------   Adj R-squared   =    0.2743
       Total |  4329.48074     9,912  .436791842   Root MSE        =    .56302

-------------------------------------------------------------------------------------
         lnrallfood |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
--------------------+----------------------------------------------------------------
                age |   .0322095   .0023063    13.97   0.000     .0276887    .0367303
               age2 |  -.0002784   .0000205   -13.57   0.000    -.0003186   -.0002382
           numpeeps |   .1666787   .0043617    38.21   0.000     .1581289    .1752286
   lnrearnings_head |   .1649062   .0070761    23.30   0.000     .1510356    .1787768
rearnings_head_zero |    1.53628   .0767535    20.02   0.000     1.385828    1.686733
           year2007 |   .0483537   .0176097     2.75   0.006     .0138351    .0828723
           year2009 |   .0629581   .0177847     3.54   0.000     .0280965    .0978196
           year2011 |   .0492319   .0179291     2.75   0.006     .0140871    .0843766
              _cons |   5.823115   .1002867    58.06   0.000     5.626533    6.019697
-------------------------------------------------------------------------------------
(27,609 missing values generated)

      Source |       SS           df       MS      Number of obs   =     9,931
-------------+----------------------------------   F(8, 9922)      =    286.74
       Model |  421.169536         8   52.646192   Prob > F        =    0.0000
    Residual |  1821.70679     9,922  .183602781   R-squared       =    0.1878
-------------+----------------------------------   Adj R-squared   =    0.1871
       Total |  2242.87633     9,930  .225868714   Root MSE        =    .42849

-------------------------------------------------------------------------------------
       lnrutilities |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
--------------------+----------------------------------------------------------------
                age |   .0250561   .0017531    14.29   0.000     .0216196    .0284925
               age2 |  -.0002108   .0000156   -13.52   0.000    -.0002414   -.0001803
           numpeeps |   .1077734   .0033176    32.49   0.000     .1012703    .1142766
   lnrearnings_head |   .0923871   .0053827    17.16   0.000     .0818359    .1029383
rearnings_head_zero |   .8832252   .0583864    15.13   0.000      .768776    .9976743
           year2007 |  -.0050685   .0133947    -0.38   0.705    -.0313248    .0211878
           year2009 |   .0409251   .0135286     3.03   0.002     .0144062     .067444
           year2011 |   .0149193   .0136375     1.09   0.274     -.011813    .0416516
              _cons |   6.590184   .0762482    86.43   0.000     6.440722    6.739646
-------------------------------------------------------------------------------------
(27,591 missing values generated)

      Source |       SS           df       MS      Number of obs   =     8,402
-------------+----------------------------------   F(8, 8393)      =    138.91
       Model |  1038.43629         8  129.804536   Prob > F        =    0.0000
    Residual |  7842.95292     8,393  .934463591   R-squared       =    0.1169
-------------+----------------------------------   Adj R-squared   =    0.1161
       Total |   8881.3892     8,401  1.05718238   Root MSE        =    .96668

-------------------------------------------------------------------------------------
         lnrfoodout |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
--------------------+----------------------------------------------------------------
                age |   .0240245   .0043796     5.49   0.000     .0154395    .0326096
               age2 |  -.0002099   .0000397    -5.28   0.000    -.0002878    -.000132
           numpeeps |   .0755388    .008124     9.30   0.000     .0596137    .0914638
   lnrearnings_head |    .288704   .0131315    21.99   0.000      .262963     .314445
rearnings_head_zero |   2.768991   .1429394    19.37   0.000     2.488795    3.049188
           year2007 |   .2809415   .0327976     8.57   0.000     .2166501    .3452329
           year2009 |   .2723448    .033146     8.22   0.000     .2073704    .3373191
           year2011 |   .2688729   .0335219     8.02   0.000     .2031617     .334584
              _cons |   3.557094   .1849884    19.23   0.000     3.194471    3.919717
-------------------------------------------------------------------------------------
(29,120 missing values generated)

      Source |       SS           df       MS      Number of obs   =     9,899
-------------+----------------------------------   F(8, 9890)      =    493.80
       Model |  1085.99079         8  135.748849   Prob > F        =    0.0000
    Residual |   2718.8453     9,890  .274908524   R-squared       =    0.2854
-------------+----------------------------------   Adj R-squared   =    0.2848
       Total |  3804.83609     9,898  .384404536   Root MSE        =    .52432

-------------------------------------------------------------------------------------
          lnrfoodin |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
--------------------+----------------------------------------------------------------
                age |   .0325163     .00215    15.12   0.000     .0283018    .0367308
               age2 |  -.0002722   .0000191   -14.23   0.000    -.0003097   -.0002347
           numpeeps |   .2025897   .0040648    49.84   0.000     .1946219    .2105575
   lnrearnings_head |   .0965105   .0065902    14.64   0.000     .0835924    .1094286
rearnings_head_zero |   .9295773   .0714819    13.00   0.000     .7894583    1.069696
           year2007 |  -.0484352   .0164093    -2.95   0.003    -.0806007   -.0162696
           year2009 |  -.0028625   .0165701    -0.17   0.863    -.0353432    .0296183
           year2011 |  -.0173369   .0167111    -1.04   0.300    -.0500939    .0154202
              _cons |   6.067865   .0934196    64.95   0.000     5.884744    6.250987
-------------------------------------------------------------------------------------
(27,623 missing values generated)

. 
. reg fwl_lnrnondurable_psid fwl_lnrallfood fwl_lnrutilities if insample==1

      Source |       SS           df       MS      Number of obs   =     9,913
-------------+----------------------------------   F(2, 9910)      =  14283.14
       Model |  1543.17151         2  771.585755   Prob > F        =    0.0000
    Residual |  535.345621     9,910  .054020749   R-squared       =    0.7424
-------------+----------------------------------   Adj R-squared   =    0.7424
       Total |  2078.51713     9,912  .209697047   Root MSE        =    .23242

----------------------------------------------------------------------------------
fwl_lnrnondura~d |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
-----------------+----------------------------------------------------------------
  fwl_lnrallfood |   .5525085   .0043278   127.66   0.000      .544025    .5609919
fwl_lnrutilities |   .3969632    .005691    69.75   0.000     .3858076    .4081187
           _cons |   .0020521   .0023344     0.88   0.379    -.0025238    .0066281
----------------------------------------------------------------------------------

. estimates store fwl_first

. estimate save "estimates\fwl_first", replace
file estimates\fwl_first.ster saved

. 
. reg fwl_lnrnondurable_psid fwl_lnrallfood if owner==1 & inlist(int_yr,2005,2007,2009,2011)

      Source |       SS           df       MS      Number of obs   =     9,913
-------------+----------------------------------   F(1, 9911)      =  15897.99
       Model |  1280.33841         1  1280.33841   Prob > F        =    0.0000
    Residual |  798.178721     9,911   .08053463   R-squared       =    0.6160
-------------+----------------------------------   Adj R-squared   =    0.6159
       Total |  2078.51713     9,912  .209697047   Root MSE        =    .28379

--------------------------------------------------------------------------------
fwl_lnrnondu~d |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
---------------+----------------------------------------------------------------
fwl_lnrallfood |   .6386035   .0050648   126.09   0.000     .6286755    .6485315
         _cons |     .00224   .0028503     0.79   0.432    -.0033471    .0078272
--------------------------------------------------------------------------------

. estimate save "estimates\fwl_first_food", replace
file estimates\fwl_first_food.ster saved

. 
. reg fwl_lnrnondurable_psid fwl_lnrutilities if owner==1 & inlist(int_yr,2005,2007,2009,2011)

      Source |       SS           df       MS      Number of obs   =     9,931
-------------+----------------------------------   F(1, 9929)      =   4646.59
       Model |  673.093244         1  673.093244   Prob > F        =    0.0000
    Residual |  1438.29031     9,929   .14485752   R-squared       =    0.3188
-------------+----------------------------------   Adj R-squared   =    0.3187
       Total |  2111.38356     9,930  .212626743   Root MSE        =     .3806

----------------------------------------------------------------------------------
fwl_lnrnondura~d |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
-----------------+----------------------------------------------------------------
fwl_lnrutilities |   .6078527   .0089173    68.17   0.000     .5903731    .6253324
           _cons |  -2.40e-10   .0038192    -0.00   1.000    -.0074864    .0074864
----------------------------------------------------------------------------------

. estimate save "estimates\fwl_first_utilities", replace
file estimates\fwl_first_utilities.ster saved

. 
. *obtain gammas through reverse regressions 
. foreach var in lnrallfood lnrutilities lnrfoodin lnrfoodout {
  2.         reg fwl_`var' fwl_lnrnondurable_psid
  3.         estimates save "results\reverse_fwl_`var'", replace
  4. }

      Source |       SS           df       MS      Number of obs   =     9,913
-------------+----------------------------------   F(1, 9911)      =  15897.99
       Model |  1933.89685         1  1933.89685   Prob > F        =    0.0000
    Residual |   1205.6151     9,911  .121644142   R-squared       =    0.6160
-------------+----------------------------------   Adj R-squared   =    0.6159
       Total |  3139.51195     9,912  .316738493   Root MSE        =    .34878

----------------------------------------------------------------------------------------
        fwl_lnrallfood |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
-----------------------+----------------------------------------------------------------
fwl_lnrnondurable_psid |   .9645835   .0076501   126.09   0.000     .9495877    .9795794
                 _cons |  -.0021607   .0035031    -0.62   0.537    -.0090274     .004706
----------------------------------------------------------------------------------------
file results\reverse_fwl_lnrallfood.ster saved

      Source |       SS           df       MS      Number of obs   =     9,931
-------------+----------------------------------   F(1, 9929)      =   4646.59
       Model |  580.746465         1  580.746465   Prob > F        =    0.0000
    Residual |  1240.96033     9,929  .124983415   R-squared       =    0.3188
-------------+----------------------------------   Adj R-squared   =    0.3187
       Total |  1821.70679     9,930  .183454863   Root MSE        =    .35353

----------------------------------------------------------------------------------------
      fwl_lnrutilities |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
-----------------------+----------------------------------------------------------------
fwl_lnrnondurable_psid |   .5244568   .0076938    68.17   0.000     .5093753    .5395383
                 _cons |   1.70e-10   .0035476     0.00   1.000    -.0069539    .0069539
----------------------------------------------------------------------------------------
file results\reverse_fwl_lnrutilities.ster saved

      Source |       SS           df       MS      Number of obs   =     9,899
-------------+----------------------------------   F(1, 9897)      =   4841.68
       Model |   893.14518         1   893.14518   Prob > F        =    0.0000
    Residual |  1825.70012     9,897  .184470053   R-squared       =    0.3285
-------------+----------------------------------   Adj R-squared   =    0.3284
       Total |   2718.8453     9,898   .27468633   Root MSE        =     .4295

----------------------------------------------------------------------------------------
         fwl_lnrfoodin |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
-----------------------+----------------------------------------------------------------
fwl_lnrnondurable_psid |   .6562891   .0094319    69.58   0.000     .6378007    .6747775
                 _cons |  -.0018055   .0043169    -0.42   0.676    -.0102676    .0066565
----------------------------------------------------------------------------------------
file results\reverse_fwl_lnrfoodin.ster saved

      Source |       SS           df       MS      Number of obs   =     8,402
-------------+----------------------------------   F(1, 8400)      =   4728.14
       Model |  2824.66527         1  2824.66527   Prob > F        =    0.0000
    Residual |  5018.28764     8,400  .597415195   R-squared       =    0.3602
-------------+----------------------------------   Adj R-squared   =    0.3601
       Total |  7842.95291     8,401   .93357373   Root MSE        =    .77293

----------------------------------------------------------------------------------------
        fwl_lnrfoodout |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
-----------------------+----------------------------------------------------------------
fwl_lnrnondurable_psid |   1.331565    .019365    68.76   0.000     1.293605    1.369526
                 _cons |  -.0873627   .0085275   -10.24   0.000    -.1040787   -.0706467
----------------------------------------------------------------------------------------
file results\reverse_fwl_lnrfoodout.ster saved

. 
. esttab fwl_first using "results\fwl_sample1.txt", se(%5.3f) b(%5.3f) replace
(output written to results\fwl_sample1.txt)

. esttab fwl_first using "results\fwl_sample1.tex", se(%5.3f) b(%5.3f) replace tex
(output written to results\fwl_sample1.tex)

. 
. drop insample

. 
. *predict consumption on a year by year basis for homeowners
. foreach Y in 2005 2007 2009 2011 2013 {
  2.         reg lnrnondurable_psid lnrallfood lnrutilities $npcovariates if year==`Y' & owner==1
  3.         estimates save "estimates\first_`Y'", replace
  4.          
.         gen insample = e(sample)
  5.         
.         foreach var in lnrnondurable_psid lnrallfood lnrutilities {
  6.                 qui reg `var' $npcovariates if year==`Y' & owner==1
  7.                 predict fwl_`var'_ybyy if insample==1, res 
  8.         }
  9.                 
.         reg fwl_lnrnondurable_psid_ybyy fwl_lnrallfood_ybyy fwl_lnrutilities_ybyy  if year==`Y' & owner==1
 10.         estimates store fwl_first_`Y'
 11.         estimate save "estimates\fwl_first_`Y'", replace
 12.         drop fwl_lnrnondurable_psid_ybyy fwl_lnrallfood_ybyy fwl_lnrutilities_ybyy 
 13.         drop insample
 14. }
note: year2007 omitted because of collinearity
note: year2009 omitted because of collinearity
note: year2011 omitted because of collinearity

      Source |       SS           df       MS      Number of obs   =     1,590
-------------+----------------------------------   F(7, 1582)      =    986.91
       Model |  436.290607         7  62.3272295   Prob > F        =    0.0000
    Residual |  99.9095034     1,582  .063153921   R-squared       =    0.8137
-------------+----------------------------------   Adj R-squared   =    0.8128
       Total |   536.20011     1,589  .337445003   Root MSE        =     .2513

-------------------------------------------------------------------------------------
 lnrnondurable_psid |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
--------------------+----------------------------------------------------------------
         lnrallfood |   .5680186   .0119739    47.44   0.000     .5445323    .5915049
       lnrutilities |   .3866865   .0152911    25.29   0.000     .3566935    .4166795
                age |   .0061709   .0027412     2.25   0.025     .0007942    .0115477
               age2 |  -.0000638    .000025    -2.56   0.011    -.0001127   -.0000148
           numpeeps |   .0088177   .0051877     1.70   0.089    -.0013577    .0189932
   lnrearnings_head |   .0425097   .0078016     5.45   0.000     .0272072    .0578123
rearnings_head_zero |   .3751683   .0842903     4.45   0.000     .2098359    .5405006
           year2007 |          0  (omitted)
           year2009 |          0  (omitted)
           year2011 |          0  (omitted)
              _cons |  -.3970949    .146802    -2.70   0.007    -.6850419   -.1091479
-------------------------------------------------------------------------------------
file estimates\first_2005.ster saved
(35,932 missing values generated)
(35,932 missing values generated)
(35,932 missing values generated)

      Source |       SS           df       MS      Number of obs   =     1,590
-------------+----------------------------------   F(2, 1587)      =   2038.26
       Model |  256.673092         2  128.336546   Prob > F        =    0.0000
    Residual |  99.9235222     1,587  .062963782   R-squared       =    0.7198
-------------+----------------------------------   Adj R-squared   =    0.7194
       Total |  356.596615     1,589  .224415742   Root MSE        =    .25093

---------------------------------------------------------------------------------------
fwl_lnrnondurable_p~y |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
----------------------+----------------------------------------------------------------
  fwl_lnrallfood_ybyy |   .5680073   .0119556    47.51   0.000      .544557    .5914577
fwl_lnrutilities_ybyy |   .3866984    .015268    25.33   0.000     .3567507     .416646
                _cons |   .0021914   .0062928     0.35   0.728    -.0101518    .0145345
---------------------------------------------------------------------------------------
file estimates\fwl_first_2005.ster saved
note: year2007 omitted because of collinearity
note: year2009 omitted because of collinearity
note: year2011 omitted because of collinearity

      Source |       SS           df       MS      Number of obs   =     2,896
-------------+----------------------------------   F(7, 2888)      =   2155.88
       Model |  786.727728         7  112.389675   Prob > F        =    0.0000
    Residual |  150.556476     2,888  .052131744   R-squared       =    0.8394
-------------+----------------------------------   Adj R-squared   =    0.8390
       Total |  937.284203     2,895  .323759656   Root MSE        =    .22832

-------------------------------------------------------------------------------------
 lnrnondurable_psid |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
--------------------+----------------------------------------------------------------
         lnrallfood |   .5498288   .0076627    71.75   0.000     .5348038    .5648538
       lnrutilities |    .387375   .0104698    37.00   0.000      .366846     .407904
                age |   .0081433   .0017352     4.69   0.000     .0047411    .0115456
               age2 |  -.0000833   .0000154    -5.40   0.000    -.0001136    -.000053
           numpeeps |   .0001971    .003649     0.05   0.957    -.0069578    .0073519
   lnrearnings_head |   .0310608   .0056241     5.52   0.000     .0200332    .0420885
rearnings_head_zero |   .2319474   .0604672     3.84   0.000     .1133842    .3505105
           year2007 |          0  (omitted)
           year2009 |          0  (omitted)
           year2011 |          0  (omitted)
              _cons |   -.131951   .1036452    -1.27   0.203    -.3351771     .071275
-------------------------------------------------------------------------------------
file estimates\first_2007.ster saved
(34,626 missing values generated)
(34,626 missing values generated)
(34,626 missing values generated)

      Source |       SS           df       MS      Number of obs   =     2,896
-------------+----------------------------------   F(2, 2893)      =   4257.77
       Model |  443.604265         2  221.802133   Prob > F        =    0.0000
    Residual |  150.706319     2,893  .052093439   R-squared       =    0.7464
-------------+----------------------------------   Adj R-squared   =    0.7462
       Total |  594.310584     2,895   .20528863   Root MSE        =    .22824

---------------------------------------------------------------------------------------
fwl_lnrnondurable_p~y |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
----------------------+----------------------------------------------------------------
  fwl_lnrallfood_ybyy |   .5498353   .0076599    71.78   0.000     .5348159    .5648547
fwl_lnrutilities_ybyy |   .3873837   .0104659    37.01   0.000     .3668623    .4079052
                _cons |   .0042725   .0042412     1.01   0.314    -.0040437    .0125886
---------------------------------------------------------------------------------------
file estimates\fwl_first_2007.ster saved
note: year2007 omitted because of collinearity
note: year2009 omitted because of collinearity
note: year2011 omitted because of collinearity

      Source |       SS           df       MS      Number of obs   =     2,759
-------------+----------------------------------   F(7, 2751)      =   1997.16
       Model |  704.564538         7  100.652077   Prob > F        =    0.0000
    Residual |  138.643769     2,751   .05039759   R-squared       =    0.8356
-------------+----------------------------------   Adj R-squared   =    0.8352
       Total |  843.208307     2,758  .305731801   Root MSE        =    .22449

-------------------------------------------------------------------------------------
 lnrnondurable_psid |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
--------------------+----------------------------------------------------------------
         lnrallfood |   .5448521   .0081846    66.57   0.000     .5288035    .5609008
       lnrutilities |   .4149437   .0106939    38.80   0.000     .3939749    .4359125
                age |   .0096844   .0017755     5.45   0.000     .0062029    .0131659
               age2 |  -.0000975   .0000157    -6.23   0.000    -.0001282   -.0000668
           numpeeps |  -.0007302   .0037416    -0.20   0.845    -.0080668    .0066063
   lnrearnings_head |   .0375841   .0055242     6.80   0.000     .0267522     .048416
rearnings_head_zero |   .3228346   .0598428     5.39   0.000     .2054932     .440176
           year2007 |          0  (omitted)
           year2009 |          0  (omitted)
           year2011 |          0  (omitted)
              _cons |  -.4657186   .1068921    -4.36   0.000    -.6753155   -.2561216
-------------------------------------------------------------------------------------
file estimates\first_2009.ster saved
(34,763 missing values generated)
(34,763 missing values generated)
(34,763 missing values generated)

      Source |       SS           df       MS      Number of obs   =     2,759
-------------+----------------------------------   F(2, 2756)      =   4012.69
       Model |  403.865213         2  201.932607   Prob > F        =    0.0000
    Residual |  138.691546     2,756  .050323493   R-squared       =    0.7444
-------------+----------------------------------   Adj R-squared   =    0.7442
       Total |  542.556759     2,758  .196721087   Root MSE        =    .22433

---------------------------------------------------------------------------------------
fwl_lnrnondurable_p~y |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
----------------------+----------------------------------------------------------------
  fwl_lnrallfood_ybyy |   .5448481   .0081786    66.62   0.000     .5288113    .5608849
fwl_lnrutilities_ybyy |   .4149749   .0106859    38.83   0.000     .3940217    .4359281
                _cons |   .0029848   .0042708     0.70   0.485    -.0053896    .0113591
---------------------------------------------------------------------------------------
file estimates\fwl_first_2009.ster saved
note: year2007 omitted because of collinearity
note: year2009 omitted because of collinearity
note: year2011 omitted because of collinearity

      Source |       SS           df       MS      Number of obs   =     2,668
-------------+----------------------------------   F(7, 2660)      =   1893.36
       Model |  721.456134         7  103.065162   Prob > F        =    0.0000
    Residual |  144.796891     2,660  .054434922   R-squared       =    0.8328
-------------+----------------------------------   Adj R-squared   =    0.8324
       Total |  866.253025     2,667  .324804284   Root MSE        =    .23331

-------------------------------------------------------------------------------------
 lnrnondurable_psid |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
--------------------+----------------------------------------------------------------
         lnrallfood |   .5544225   .0082599    67.12   0.000      .538226    .5706191
       lnrutilities |   .3949261   .0106724    37.00   0.000      .373999    .4158531
                age |   .0092483   .0018542     4.99   0.000     .0056125     .012884
               age2 |  -.0000943   .0000164    -5.77   0.000    -.0001264   -.0000622
           numpeeps |   .0052392   .0036793     1.42   0.155    -.0019754    .0124538
   lnrearnings_head |   .0179057   .0058762     3.05   0.002     .0063832    .0294281
rearnings_head_zero |   .1094716   .0627544     1.74   0.081    -.0135808     .232524
           year2007 |          0  (omitted)
           year2009 |          0  (omitted)
           year2011 |          0  (omitted)
              _cons |  -.1564054   .1078287    -1.45   0.147     -.367842    .0550312
-------------------------------------------------------------------------------------
file estimates\first_2011.ster saved
(34,854 missing values generated)
(34,854 missing values generated)
(34,854 missing values generated)

      Source |       SS           df       MS      Number of obs   =     2,668
-------------+----------------------------------   F(2, 2665)      =   4020.24
       Model |   436.98336         2   218.49168   Prob > F        =    0.0000
    Residual |  144.837144     2,665  .054347896   R-squared       =    0.7511
-------------+----------------------------------   Adj R-squared   =    0.7509
       Total |  581.820504     2,667   .21815542   Root MSE        =    .23313

---------------------------------------------------------------------------------------
fwl_lnrnondurable_p~y |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
----------------------+----------------------------------------------------------------
  fwl_lnrallfood_ybyy |   .5544107   .0082533    67.17   0.000     .5382271    .5705942
fwl_lnrutilities_ybyy |   .3949428   .0106638    37.04   0.000     .3740326    .4158531
                _cons |   .0033595   .0045134     0.74   0.457    -.0054905    .0122096
---------------------------------------------------------------------------------------
file estimates\fwl_first_2011.ster saved
note: year2007 omitted because of collinearity
note: year2009 omitted because of collinearity
note: year2011 omitted because of collinearity

      Source |       SS           df       MS      Number of obs   =     2,470
-------------+----------------------------------   F(7, 2462)      =   1766.56
       Model |  678.465632         7  96.9236618   Prob > F        =    0.0000
    Residual |  135.079597     2,462  .054865799   R-squared       =    0.8340
-------------+----------------------------------   Adj R-squared   =    0.8335
       Total |  813.545229     2,469  .329503941   Root MSE        =    .23423

-------------------------------------------------------------------------------------
 lnrnondurable_psid |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
--------------------+----------------------------------------------------------------
         lnrallfood |   .5597588   .0085789    65.25   0.000     .5429362    .5765814
       lnrutilities |   .3961395   .0113004    35.06   0.000     .3739802    .4182988
                age |   .0079665   .0019531     4.08   0.000     .0041366    .0117964
               age2 |  -.0000856   .0000169    -5.08   0.000    -.0001187   -.0000526
           numpeeps |    .004383   .0042745     1.03   0.305    -.0039991     .012765
   lnrearnings_head |   .0318596   .0062542     5.09   0.000     .0195956    .0441236
rearnings_head_zero |   .2692153   .0669796     4.02   0.000     .1378731    .4005575
           year2007 |          0  (omitted)
           year2009 |          0  (omitted)
           year2011 |          0  (omitted)
              _cons |  -.3183214   .1152848    -2.76   0.006    -.5443867   -.0922562
-------------------------------------------------------------------------------------
file estimates\first_2013.ster saved
(35,052 missing values generated)
(35,052 missing values generated)
(35,052 missing values generated)

      Source |       SS           df       MS      Number of obs   =     2,470
-------------+----------------------------------   F(2, 2467)      =   3636.68
       Model |  398.331711         2  199.165855   Prob > F        =    0.0000
    Residual |   135.10724     2,467  .054765804   R-squared       =    0.7467
-------------+----------------------------------   Adj R-squared   =    0.7465
       Total |   533.43895     2,469  .216054658   Root MSE        =    .23402

---------------------------------------------------------------------------------------
fwl_lnrnondurable_p~y |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
----------------------+----------------------------------------------------------------
  fwl_lnrallfood_ybyy |   .5597625    .008571    65.31   0.000     .5429554    .5765697
fwl_lnrutilities_ybyy |   .3961602     .01129    35.09   0.000     .3740213    .4182992
                _cons |   .0029416   .0047088     0.62   0.532    -.0062919    .0121751
---------------------------------------------------------------------------------------
file estimates\fwl_first_2013.ster saved

. 
. log close
      name:  <unnamed>
       log:  M:\ReplicationData\JournalArticles\CrossleyLevellPoupakis.JAE\log\cexresults.txt
  log type:  text
 closed on:  11 Mar 2022, 15:53:05
------------------------------------------------------------------------------------------------------------------
