Monopsony power and relative wages in the labor market for nurses.

Abstract:

:This paper examines the thesis that monopsony power is an important determinant of wages in nursing labor markets. Using data from the 1985-93 Current Population Surveys, measures of relative nurse/non-nurse wage rates for 252 labor markets are constructed. Contrary to predictions from the monopsony model, no positive relationship exists between relative nursing wages and hospital density or market size. Nor is support found for the presence of monopsony power based on evidence on union wage premiums, slopes of experience profiles, or the mix of RN to total hospital employment.

journal_name

J Health Econ

authors

Hirsch BT,Schumacher EJ

doi

10.1016/0167-6296(95)00013-8

subject

Has Abstract

pub_date

1995-10-01 00:00:00

pages

443-76

issue

4

eissn

0167-6296

issn

1879-1646

pii

0167-6296(95)00013-8

journal_volume

14

pub_type

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