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Figure 4: Heterogeneity by Age and Tenure in Treatment Effect for Tenants of Multi -Family <br />Residence (2-4 Units) <br />Young & High Turnover <br />Young & Low Turnover <br />Old & High Turnover <br />Old & Low Turnover <br />Same Address <br />Notes: Sample consists of all tenants between 20 and 65 years old living in SF in 1993 and in small rnulti- <br />f'amily residences that were built during 1900 — 1990. If a building is constructed post 1993 and we observe <br />a tenant living there in 1993, we include it into the treatment group for rent control. We sort the sample by <br />age group. The young group refers to residents who were aged 20-39 in 1993 and the old group are residents <br />who were aged 40-65 in 1993. We also cut the data by number of years the individual has been living at their <br />1993 address. We define a "low turnover" group of individuals who had been living at their 1993 address for <br />greater than or equal to four years and a "high turnover" group of individuals who had been living at their <br />address for less than four years. The average treatment effects in the post -1994 period along with 90% Cl <br />are plotted. Standard errors are clustered at the person level. <br />55 <br />