Table 3.
(1) | (2) | (3) | (4) | (5) | |
---|---|---|---|---|---|
Final UI exhaustions (index: multiple of 2005–7 average) | .001 (.001) | .000 (.001) | .001 (.001) | .000 (.001) | |
Exhaustions index (average, previous 3 months) | .008 (.003) | ||||
Exhaustions index (average, next 3 months) | −.000 (.002) | ||||
𝟙(No exhaustions this month) | .001 (.002) | ||||
Unemployment rate (seasonally adjusted) | −.009 (.004) | −.009 (.004) | −.008 (.004) | −.009 (.004) | |
ln(initial UI claims) | .021 (.007) | ||||
State FE | Yes | Yes | Yes | Yes | Yes |
Month FE | Yes | Yes | Yes | Yes | Yes |
Cubic UE rate control | Yes | ||||
R2 | .883 | .884 | .884 | .884 | .882 |
Note.—N= 1,836. Dependent variable is the fraction of SSDI applications that was awarded SSDI benefits, measured at the state-by-month level verifed from micro data. Panel ranges from January 2008 to December 2010. UI = Unemployment Insurance; FE = fixed effects; UE = unemployment. Standard errors, clustered at the state level, are in parentheses.