Table 5:

Effects of macroeconomic conditions on employment outcomes

	Age 60–69			Age 70+
Sample:	Overall (1)	ADL lim. (2)	IADL lim. (3)	Overall (4)	ADL lim. (5)	IADL lim. (6)
Outcome: share of kids employed
Unemployment rate	−0.0059**	−0.0028	−0.0162	−0.0104***	−0.0130***	−0.0106*
	(0.0023)	(0.0076)	(0.0106)	(0.0024)	(0.0048)	(0.0059)
Observations	48983	6386	2790	57768	14323	9679
Mean dependent variable	0.790	0.722	0.703	0.743	0.656	0.636
Outcome: share of kids employed part-time
Unemployment rate	0.0021	−0.0020	0.0115	0.0036**	0.0025	0.0005
	(0.0024)	(0.0048)	(0.0078)	(0.0017)	(0.0046)	(0.0045)
Observations	46904	5981	2570	53273	12468	8270
Mean dependent variable	0.1045	0.1091	0.1191	0.1027	0.1200	0.1341
Outcome: spouse employed
Unemployment rate	0.0011	0.0234**	0.0224	−0.0001	−0.0052	−0.0003
	(0.0057)	(0.0089)	(0.0271)	(0.0032)	(0.0051)	(0.0112)
Observations	36712	4011	1754	32918	6134	3991
Mean dependent variable	0.430	0.363	0.345	0.162	0.124	0.109
Outcome: spouse retired
Unemployment rate	−0.0027	−0.0026	−0.0183	0.0010	0.0118	0.0191*
	(0.0045)	(0.0170)	(0.0276)	(0.0042)	(0.0091)	(0.0109)
Observations	36747	4017	1758	32944	6136	3993
Mean dependent variable	0.553	0.568	0.544	0.790	0.789	0.782
Outcome: respondent employed
Unemployment rate	0.0043	−0.0057	−0.0033	−0.0049**	−0.0079***	−0.0010
	(0.0038)	(0.0087)	(0.0105)	(0.0023)	(0.0027)	(0.0030)
Observations	52458	6903	3041	62780	15920	10733
Mean dependent variable	0.4128	0.1669	0.1506	0.1203	0.0369	0.0257

Notes: Each cell reports the coefficient on the state annual unemployment rate from a separate linear probability model on potential caregiver labor supply. The HRS sample is given in the column header. The dependent variables in the first two panels are the share of respondent’s children who are employed and employed part time, respectively. The dependent variables in the second two panels are an indicator for whether the respondent’s spouse works for pay and whether the spouse self-identifies as retired, respectively. The dependent variable in the final panel is an indicator for whether the respondent works for pay. All specifications control for a quadratic in age, gender, education, marital status, race and ethnicity, 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, the distribution of children ages, as well as state, year, and linear time trends by state.

^*p < 0.10,

^**p < 0.05,

^***p < 0.01.