المستودع الأكاديمي جامعة المدينة

Classic Monopsony or New Monopsony? : Searching for Evidence in Nursing Labor Markets

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dc.creator Schumacher, Edward J.
dc.creator Hirsch, Barry T.
dc.date 2004
dc.date.accessioned 2013-10-16T07:10:20Z
dc.date.available 2013-10-16T07:10:20Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/20392
dc.identifier ppn:388186496
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/20392
dc.description The market for hospital registered nurses (RNs) is often offered as an example of ?classic? monopsony, while a ?new? monopsony literature emphasizes firm labor supply being upwardsloping for reasons other than market structure. Using data from several sources, we explore the relationship between wages and measures of classic and new monopsony. Micro wage data for 1993-2002 provide little evidence of classic monopsonistic outcomes in the long run, the relative wages of RNs in 240 U.S. labor markets being largely uncorrelated with market size or employer concentration. A short-run relationship is found, with RN wages declining in markets with increased hospital system concentration. Measures of new monopsony use data on mobility to proxy inverse supply elasticities. No relationship is found between these measure and nursing wages, but evidence supporting new monopsony is found for women elsewhere in the labor market. RNs display greater inter-employer mobility than do women (or men) in general. Two conclusions follow. First, evidence of upward sloping labor supply need not imply monopsonistic outcomes. Second, nursing should not be held up as a prototypical example of monopsony.
dc.language eng
dc.publisher
dc.relation IZA Discussion paper series 1154
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject J30
dc.subject I10
dc.subject J42
dc.subject ddc:330
dc.subject monopsony
dc.subject nurses
dc.subject wages
dc.subject hospitals
dc.subject Pflegeberufe
dc.subject Arbeitsnachfrage
dc.subject Monopson
dc.subject Arbeitsangebot
dc.subject Schätzung
dc.subject Vereinigte Staaten
dc.title Classic Monopsony or New Monopsony? : Searching for Evidence in Nursing Labor Markets
dc.type doc-type:workingPaper


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