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. Author manuscript; available in PMC: 2020 May 26.
Published in final edited form as: J Health Econ. 2019 May 24;66:208–221. doi: 10.1016/j.jhealeco.2019.05.008

Table 4.

First stage: Regression of star rating of admitting SNF onto patient characteristics and distances of different star rating SNFs.

(1) (2) (3) (4) (5)
Log of distance to nearest SNF rating Median distance (in miles) to nearest SNF No fixed effects Hospital fixed effects ZIP code fixed effects Hospital and ZIP code fixed effects SNF and ZIP code fixed effects
1-star 6.8 0.129***
[0.00221]		 0.0804***
[0.00150]		 0.0683***
[0.00195]		 0.0684***
[0.00194]		 0.0698***
[0.00290]
2-star 5.0 0.129***
[0.00256]		 0.0855***
[0.00173]		 0.0633***
[0.00239]		 0.0628***
[0.00238]		 0.0629***
[0.00320]
3-star 4.9 0.0227***
[0.00258]		 0.0198***
[0.00172]		 0.0101***
[0.00246]		 0.0103***
[0.00244]		 0.0123***
[0.00319]
4-star 4.1 −0.155***
[0.00308]		 −0.0866***
[0.00214]		 −0.0804***
[0.00330]		 −0.0809***
[0.00329]		 −0.0778***
[0.00418]
5-star 5.5 −0.226***
[0.00250]		 −0.130***
[0.00183]		 −0.121***
[0.00261]		 −0.120***
[0.00260]		 −0.118***
[0.00357]
Observations 1,278,456 1,278,456 1,278,456 1,278,456 1,277,815
R-squared 0.134 0.249 0.262 0.2993 0.836
F-statistic 3126.72 1122.40 771.17 364.99 388.97

Note: Robust standard errors are in square brackets. Clustering units were ZIP code in column 1, 3–4, hospital in column 2 and SNF in column 5. Each column represents a separate regression. All regressions include patient characteristics listed in Table 2 and month of SNF admission dummies.

***

p < 0.01.