Table 2.
Panel Data Analysis of State-by-Month Social Security Disability Insurance (SSDI) Applications
| (1) | (2) | (3) | (4) | (5) | |
|---|---|---|---|---|---|
| Final UI exhaustions (index: multiple of 2005–7 average) | −.0025 (.0034) | −.0029 (.0035) | −.0029 (.0033) | −.0038 (.0025) | |
| Exhaustions index (average, previous 3 months) | −.0018 (.0067) | ||||
| Exhaustions index (average, next 3 months) | .0025 (.0069) | ||||
| 𝟙(No exhaustions this month) | .0176 (.0084) | ||||
| Unemployment rate (seasonally adjusted) | .0108 (.0055) | .0100 (.0055) | .0099 (.0055) | .0105 (.0055) | |
| ln(initial UI claims) | .0210 (.0324) | ||||
| State FE | Yes | Yes | Yes | Yes | Yes |
| Month FE | Yes | Yes | Yes | Yes | Yes |
| Cubic UE rate control | Yes | ||||
| N | 5,151 | 5,151 | 5,151 | 4,845 | 5,151 |
| R2 | .987 | .987 | .987 | .987 | .987 |
Note.—Dependent variable is ln(SSDI applications), excluding concurrent SSDI/SSI applications, measured at the state-by-month level and seasonally adjusted. Panel ranges from August 2004 to December 2012 (November 2004 to September 2012 in cols. 4 and 5). UI = Unemployment Insurance; FE = fixed effects; UE= unemployment; SSI=Supplemental Security Income. Standard errors, clustered at the state level, are in parentheses.