Table 1 Summary of variables and descriptive statistics

Aged 65 and over (X₁)

Proportion of residents aged 65 and above

0.15

0.07

Born in HK (X₂)

Proportion of residents born in HK

0.61

0.12

Primary education (X3)

Proportion of residents with primary education or below

0.17

0.09

Post-secondary education (X4)

Proportion of residents with post-secondary education

0.36

0.14

Low household income (X5)

Proportion of residents with domestic household income per month less than 10,000HK$

0.18

0.09

High household income (X6)

Proportion of residents with domestic household income per month over 40,000 HK$

0.36

0.21

Owner-occupier household (X7)

Proportion of residents who are owner-occupier households

0.55

0.25

Household rent to income (X8)

Median ratio of monthly household rent to income

0.26

0.12