Table 6.

Effects of Unemployment Rate on Probability of Transitioning to a Nursing Home

Prob (Transition to Nursing Home)	Full Sample	> 2 Chronic Conditions	BMI < 23	BMI > 30	Health Fair or Poor
Unemployment Rate Coefficient	0.327**	0.258**	0.654**	0.043	0.581**
	(0.141)	(0.127)	(0.301)	(0.154)	(0.251)
N	90768	53006	37657	32340	28335

Notes: Dependent variable is annual probability of transitioning into a nursing home. Regressions are estimated as linear probability models, using waves 1-8 of the Health and Retirement Survey, and restricted to respondents ages 65 and over. Coefficients are multiplied by 100. Additional controls include single year of age dummies, sex, state and year fixed-effects, state-specific trends, demographic and education controls. Standard errors clustered at the state level. Estimates weighted by HRS sample weights.

^***Significant at the 1 percent level.

^**Significant at the 5 percent level.

^*Significant at the 10 percent level