Appendix Table B3.
Regression Results: Health Care Share of Graduates vs. Unemployment Rate.
| Dependent Variable: Share of Health Care Graduates | (1) | (2) | (3) | (4) | (5) |
|---|---|---|---|---|---|
| Un-weighted | With Controls | No Controls | Recession | Recovery | |
| Panel A. All Degree | |||||
| Unemployment Ratet-1 | 0.051 | 0.178** | 0.183** | 0.128 | 0.247** |
| (0.055) | (0.070) | (0.076) | (0.119) | (0.104) | |
| Mean | 12.22 | 12.22 | 12.22 | 12.36 | 12.13 |
| Number of Obs. | 13,555 | 13,555 | 13,555 | 4,738 | 8,803 |
| Panel B. Top 4 Professions | |||||
| Unemployment Ratet-1 | 0.023 | 0.101 | 0.116* | 0.072 | 0.142 |
| (0.058) | (0.066) | (0.066) | (0.115) | (0.091) | |
| Mean | 9.33 | 9.33 | 9.33 | 9.57 | 9.18 |
| Number of Obs. | 12,686 | 12,686 | 12,686 | 4,416 | 8,252 |
| Panel C. Less than 1 year Degree | |||||
| Unemployment Ratet-1 | 0.080 | 0.108 | 0.103 | 0.062 | 0.209** |
| (0.062) | (0.084) | (0.077) | (0.072) | (0.102) | |
| Mean | 4.63 | 4.63 | 4.63 | 5.15 | 4.34 |
| Number of Obs. | 7,985 | 7,985 | 7,985 | 2,510 | 5,419 |
| Panel D. For Profit Institution | |||||
| Unemployment Ratet-1 | −0.041 | 0.000 | 0.003 | 0.013 | 0.000 |
| (0.052) | (0.035) | (0.029) | (0.053) | (0.043) | |
| Mean | 4.05 | 4.05 | 4.05 | 3.62 | 3.62 |
| Number of Obs. | 5,415 | 5,415 | 5,415 | 1,727 | 3,675 |
| County-fixed effect | Yes | Yes | Yes | Yes | Yes |
| Year-fixed effect | Yes | Yes | Yes | Yes | Yes |
| Economic condition | Yes | Yes | No | Yes | Yes |
| Weighted | No | Yes | Yes | Yes | Yes |
Source: IPEDS 2005–2017 and BLS LAUS (2005–2017). Economic conditions include median household income, poverty rate, and working age population. Sample includes graduates in the health care sector (CIP code 51) (Panel A), graduates in CIP codes 51.38, 51.07, 51.08, and 51.39 (Panel B), graduates with award level equal to 1 (Panel C), and includes graduates in institutions with sector codes 3, 6, or 9 (Panel D). Unemployment rate is from Bureau of Labor Statistics-BLS). Regressions are weighted by population. Standard errors, heteroskedasticity-robust and clustered by state, are in parentheses. *P < 0.10 **P < 0.05 ***P < 0.01.