Figure 2:

Effect of macroeconomic conditions on health outcomes

Notes: Data from the HRS samples of individuals 60–69 (Panel a) and individuals 70 and over (Panel b). Each point reports the coefficient on the state annual unemployment rate from a separate linear probability model in which the x-axis is the size of the coefficient and the y-axis is the outcome variable. All specifications control for a quadratic in age, gender, education, marital status, race and ethnicity, number of children, share of the state population aged 18–64 and aged 65 and over, state log expenditures on total Medicaid and Medicaid HCBS services for the older population and population with physical disabilities, as well as state, year, and linear time trends by state. 95% confidence intervals, clustered by state, are depicted by the line crossing through the respective point. See Appendix Table 13 for means of each variable in each sample.