Table 1.
Descriptive Statistics
| Variables | Sample Size | Mean | SD |
|---|---|---|---|
| Harrington Regulatory Stringency Index (HRSI) | 100 | −0.21 | 2.88 |
| Economic Freedom Index – Area 2 | 100 | 6.89 | 0.79 |
| Minimum staffing requirement index-2007 | 100 | −0.02 | 1.65 |
| Medicaid per diem-2004 (in hundreds of dollars) | 100 | 1.36 | 0.37 |
| CNA hours per case-mix adjusted day | 30,350 | 2.34 | 0.82 |
| LPN hours per case-mix adjusted day | 30,224 | 0.77 | 0.39 |
| RN hours per case-mix adjusted day | 30,246 | 0.33 | 0.35 |
| Hotel expenditures (in hundreds of thousands of dollars) | 20,216 | 20.66 | 20.28 |
| Risk-adjusted ADL decline | 29,678 | 1.12 | 0.74 |
| Risk-adjusted high-risk pressure sores | 29,574 | 1.03 | 0.77 |
| Risk-adjusted urinary incontinence | 29,774 | 1.00 | 0.60 |
| Competition (1-HHI) | 30,992 | 0.68 | 0.21 |
| Median Income for the nursing home market (in tens of thousands of dollars) | 30,992 | 3.98 | 1.18 |
| Hospital Wage Index | 30,992 | 0.93 | 0.12 |
| Total number of beds | 30,992 | 108.93 | 70.18 |
| Non profit (Yes=1, no=0) | 30,992 | 0.28 | 0.45 |
| Government owned (Yes=1, no=0) | 30,992 | 0.06 | 0.24 |
| Chain (Yes=1, no=0) | 30,992 | 0.53 | 0.50 |
| Hospital based (Yes=1, no=0) | 30,992 | 0.08 | 0.27 |
| 2006 (= 1 if year = 2006, = 0 if year=2005) | 30,992 | 0.5 | 0.5 |