Table 5.

Cyclicality of Mortality by Fraction Living in Nursing Homes

	Deaths Ages 65+ (age-adjusted)
	Women	Men
Unemployment Rate	−0.070	−0.079
	(0.176)	(0.097)
UER X percent Over 65 Living in Group Quarters	−5.306**	−2.737
	(1.833)	(2.539)
1980 Census measures of percent over 65 in group quarters
25th percentile state	0.053	0.032
median state	0.065	0.037
75th percentile state	0.076	0.046

Notes: Dependent variable is age-adjusted log death rate for persons aged 65 and older, for women (column 1) and men (column 2). Each parameter is the estimated mortality semi-elasticity with respect to the state-year unemployment rate, with coefficients multiplied by 100, which is allowed to vary by the share of individuals over 65 living in group quarters. The sample includes the years 1979-2006. Additional controls include state and year fixed effects, state-specific trends, demographic and education controls. Standard errors clustered at the state level. Estimates weighted by state-year population of relevant age group.

^***Significant at the 1 percent level.

^**Significant at the 5 percent level.

^*Significant at the 10 percent level