Plausibly Exogenous [1944] - Patient Mortality (05/30/2025)

LHS Variable
Patient mortality

RHS Variable
External financing

Source of Exogenous Variation
Expiration of long-term debt prior to the GFC as shocks to hospitals’ access to the debt markets

- Gao, Liu, Malik, and Sevilir (2024), “Can Nonprofits Save Lives Under Financial Stress? Evidence from the Hospital Industry”