Appendix Table 15:

Effect of macroeconomic conditions on health, American Community Survey

	Cognitive difficulty	Ambulatory difficulty	Indep. living difficulty	Self-care difficulty	Vision/hearing difficulty
	(1)	(2)	(3)	(4)	(5)
Panel A: Age 60–69
Unemployment rate	−0.0003	−0.0009	0.0002	0.0001	−0.0008
	(0.0003)	(0.0004)	(0.0003)	(0.0002)	(0.0004)
Observations	3520659	3520659	3520659	3520659	3520659
Mean dependent variable	0.0595	0.1534	0.0734	0.0457	0.0903
Panel B: Age 70+
Unemployment rate	−0.0000	0.0012	0.0008	0.0010	−0.0001
	(0.0004)	(0.0004)	(0.0004)	(0.0005)	(0.0005)
Observations	3522622	3522622	3522622	3522622	3522622
Mean dependent variable	0.1436	0.3173	0.2351	0.1425	0.2291

Notes: Data from 2006–2015 American Community Survey. Each cell reports results from a separate linear probability model. The independent variable of interest is the state annual unemployment rate and the dependent variables are indicators for whether the respondent has cognitive, ambulatory, independent living, self-care, and vision/hearing difficulty, respectively. All specifications are weighted using person weights and control for a quadratic in age, gender, education, marital status, race and ethnicity, 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. Standard errors, clustered by state, are in parentheses.

^*p < 0.10,

^**p < 0.05,

^***p < 0.01