Hi there,
I'm investing the role of house prices on happiness and am using a FE model. The data has the original house price the respondent bought the house at in the year they bought it (e.g. $1m in 2006), however I want to generate a variable that keeps that $1m figure until/if they buy a new house
For example:
2006 = $1m (original entry in dataset)
2007 = $1m
2008 = $1.5m (original entry in dataset = bought new house)
2009 = $1.5m
2010 = $1.5m
Right now my data set would record $1m, . , $1.5m, . , .
I would really appreciate any help possible on creating this variable. Thank you in advance!
I'm investing the role of house prices on happiness and am using a FE model. The data has the original house price the respondent bought the house at in the year they bought it (e.g. $1m in 2006), however I want to generate a variable that keeps that $1m figure until/if they buy a new house
For example:
2006 = $1m (original entry in dataset)
2007 = $1m
2008 = $1.5m (original entry in dataset = bought new house)
2009 = $1.5m
2010 = $1.5m
Right now my data set would record $1m, . , $1.5m, . , .
I would really appreciate any help possible on creating this variable. Thank you in advance!
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