Table 2. Main Findings.
Medical School First-Time Matriculation | ||||
---|---|---|---|---|
No State-Specific Year Trend |
State-Specific Year Trend |
|||
Public (1) |
Private (2) |
Public (3) |
Private (4) |
|
A. Unweighted | ||||
BAN | −0.032*** | −0.037** | −0.033*** | −0.026 |
(0.006) | (0.012) | (0.008) | (0.022) | |
B. Weighted | ||||
BAN | −0.030*** | −0.041*** | −0.032*** | −0.028 |
(0.006) | (0.012) | (0.007) | (0.022) | |
No. of obs. | 1029 | 723 | 1029 | 723 |
No. of institutions | 64 | 42 | 64 | 42 |
~p<.10.
p<.05.
p<.01.
p<.001. Standard errors in parentheses
Note: All models include state fixed effects and a full set of institutional- and state-level covariates; institutional-level covariates include whether institution is research ranked (vs. primary care ranked); state-level covariates include percentage of population by race (White, Black, Native American, Latino, Other), percentage of population with a bachelor’s degree, and percentage of 25–34 year olds unemployed. Models without a state-specific year trend include year fixed effects; Models with a state-specific year trend do not include year fixed effects to avoid collinearity. All models account for the clustering of observations within institution over time (with institutional random effects) and within state (with state fixed effects).