Table 8.
Alternative Zip-Code Level Estimates of Effects of Foreclosures
|
|
||||||
|---|---|---|---|---|---|---|
| Non-Elective | Preventable | Cancer | Heart | Mental | Respiratory Infection | |
|
|
||||||
| Second Quarter 2005 through Fourth Quarter 2007, N=21,812 | ||||||
|
| ||||||
| Sum of 4 Lags Foreclosure | 3.9707 | 0.2657 | 0.0012 | 0.0378 | 0.1143 | 0.7726 |
| P value for sum=0 | 0.0000 | 0.0000 | 0.9122 | 0.5356 | 0.0001 | 0.0000 |
| # Visits per 100k per Year | 41784 | 3840 | 331 | 3696 | 1712 | 5419 |
|
| ||||||
| Judicial States Only (NJ and FL), N=20,340 | ||||||
|
| ||||||
| Foreclosures Rates (t-1) | 0.1889 (0.1586) |
0.0388*** (0.0073) |
0.0043 (0.0033) |
0.0289** (0.0134) |
−0.0008 (0.0057) |
0.0109 (0.0225) |
| Foreclosures Rates (t-2) | 0.2124 (0.2265) |
0.0371*** (0.0136) |
−0.0014 (0.0040) |
0.0418*** (0.0156) |
0.0197* (0.0104) |
0.1019 (0.0739) |
| Foreclosures Rates (t-3) | 0.1151 (0.1200) |
−0.0179 (0.0341) |
−0.0061 (0.0046) |
−0.0039 (0.0163) |
0.0050 (0.0097) |
0.0406 (0.0927) |
| Foreclosures Rates (t-4) | 0.7490*** (0.1539) |
0.0469 (0.0282) |
0.0141*** (0.0027) |
0.0378* (0.0206) |
0.0063 (0.0102) |
0.2928*** (0.0659) |
| Sum of 4 Lags Foreclosure | 1.2654 | 0.1049 | 0.0110 | 0.1046 | 0.0302 | 0.4462 |
| P value for sum=0 | 0.0164 | 0.0058 | 0.0150 | 0.0139 | 0.0574 | 0.0015 |
| # Visits per 100k per Year | 45732 | 4062 | 368 | 4244 | 1874 | 5850 |
|
| ||||||
| Non-Judicial States Only (AZ and CA), N=26,400 | ||||||
|
| ||||||
| Foreclosures Rates (t-1) | 0.8579*** (0.0900) |
0.0864*** (0.0054) |
−0.0008 (0.0030) |
0.0523** (0.0211) |
0.0393*** (0.0079) |
0.1583*** (0.0204) |
| Foreclosures Rates (t-2) | 0.6184*** (0.1505) |
0.0712*** (0.0090) |
0.0086 (0.0098) |
0.0386*** (0.0093) |
−0.0019 (0.0076) |
0.2358*** (0.0772) |
| Foreclosures Rates (t-3) | 0.0396 (0.2377) |
−0.0154* (0.0092) |
−0.0026** (0.0013) |
0.0040 (0.0057) |
0.0176** (0.0067) |
−0.1086 (0.0977) |
| Foreclosures Rates (t-4) | −0.8935** (0.4194) |
−0.0575*** (0.0161) |
−0.0036 (0.0066) |
−0.0079 (0.0118) |
0.0115* (0.0066) |
−0.3867** (0.1605) |
| Sum of 4 Lags Foreclosure | 0.6224 | 0.0847 | 0.0016 | 0.0870 | 0.0665 | −0.1012 |
| P value for sum=0 | 0.1703 | 0.0042 | 0.6244 | 0.0000 | 0.0000 | 0.5731 |
| # Visits per 100k per Year | 38549 | 3620 | 310 | 3265 | 1683 | 5016 |
|
| ||||||
| Using Foreclosure Starts vs. Foreclosure Auctions, N=46,740 | ||||||
|
| ||||||
| Sum of 4 Lags Starts | 1.1180 | 0.1153 | 0.0063 | 0.0955 | 0.0480 | 0.2383 |
| P value for sum=0 | 0.0000 | 0.0000 | 0.0043 | 0.0000 | 0.0000 | 0.0000 |
| # Visits per 100k per Year | 42817 | 3911 | 334 | 3764 | 1794 | 5581 |
|
| ||||||
| Including High Vacation Home Zip Codes, N=52,875 | ||||||
|
| ||||||
| Sum of lags | 0.6230 | 0.0752 | 0.0028 | 0.0745 | 0.0534 | 0.0135 |
| P value for all lags=0 | 0.1710 | 0.0071 | 0.4570 | 0.0000 | 0.0000 | 0.9490 |
| # Visits per 100k per Year | 42074 | 3847 | 334 | 3738 | 1766 | 5445 |
|
| ||||||
| High Vacation Home Zip Codes Only, N=5,205 | ||||||
|
| ||||||
| Sum of lags | −0.1302 | −0.0280 | −0.0012 | −0.0598 | 0.0119 | 0.0612 |
| P value for all lags=0 | 0.7371 | 0.5254 | 0.9412 | 0.4411 | 0.7232 | 0.6663 |
| # Visits per 100k per Year | 34956 | 3237 | 331 | 3472 | 1499 | 4128 |
Notes: Regressions also included zip code fixed, effects, county*quarter*year effects and trends for clusters of zip codes. Standard errors in parentheses. Bold face indicates that the sum of lags is significantly different than zero.