Table 4.
Zip-Code Level Estimates of Effects of Foreclosures, Housing Prices, and Vacancies
| Non-Elective | Preventable | Cancer | Heart | Mental | Respiratory Infection | |
|---|---|---|---|---|---|---|
| Number Visits in Year | 42817 | 3911 | 334 | 3764 | 1794 | 5581 | 
| 
 | ||||||
| Baseline Zip Code Level Model, N=46,740, Mean Population=19,750 | ||||||
| 
 | ||||||
| Sum of 4 Lags Foreclosure | 0.7831 | 0.0906 | 0.0034 | 0.0909 | 0.0594 | 0.0213 | 
| P value for sum=0 | 0.0826 | 0.0009 | 0.3332 | 0.0000 | 0.0000 | 0.9224 | 
| 
 | ||||||
| Zip Code Level Model with House Prices Rather than Foreclosures, N = 37,635, Mean Population =23,454 | ||||||
| 
 | ||||||
| Sum of 4 Lags House Prices | −0.0032 | −0.0004 | 0.0000 | −0.0002 | −0.0001 | −0.0013 | 
| P value for sum=0 | 0.0000 | 0.0000 | 0.0305 | 0.0000 | 0.1589 | 0.0000 | 
| 
 | ||||||
| Zip Code Level Model Including Both Foreclosures and House Prices, N = 37,635, Mean Population =23,454 | ||||||
| 
 | ||||||
| Sum of 4 Lags Foreclosure | 0.7683 | 0.0703 | 0.0027 | 0.0762 | 0.0531 | 0.0363 | 
| P value for sum=0 | 0.0672 | 0.0003 | 0.3694 | 0.0000 | 0.0000 | 0.8706 | 
| Sum of 4 Lags House Prices | −0.0024 | −0.0003 | 0.0000 | −0.0001 | 0.0000 | −0.0012 | 
| P value for sum=0 | 0.0000 | 0.0000 | 0.0774 | 0.0007 | 0.4974 | 0.0000 | 
Notes: Regressions of hospitalization plus ER rates on foreclosure rates included zip code fixed, effects, county*quarter*yea effects and time trends for clusters of zip codes. Standard errors in parentheses. ***, **, and * indicate that the estimate is statistically significant at the 99th, 95th, and 90th percent level of confidence. Bold face indicates that the sum of lags is significantly different than zero.