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. Author manuscript; available in PMC: 2020 May 1.
Published in final edited form as: Am Econ Rev. 2019 May;109(5):1684–1716. doi: 10.1257/aer.20151057

Table 2:

Medicaid Reimbursement Rates, Staffing, and Pricing

(1) (2) (3) (4) (5)
1st Stage log(SNres) log(NAres) log(Thres) log(P)
Log Simulated Rate 1.15 (0.18)
Log Medicaid Rate 1.17 (0.29) 0.07 (0.49) 0.66 (2.25) 0.03 (0.20)
Observations 4022 4022 3872 3307 4022
R2 0.189 0.090 0.039 0.122 0.101

Notes.log(SNres), log(NAres), and log(Thres) abbreviate the log number of skilled nurses, nurse aides, and therapists per resident, respectively. log(P) is the log daily private rate. All specifications control for county-year fixed effects, ownership type, having an Alzheimer’s unit, average distance to closest competitors, local demographics, and a fourth order polynomial in beds interacted with year fixed effects. Standard errors are displayed in parentheses and are clustered at the county level.