Monopsony power and relative wages in the labor market for nurses.
نویسندگان
چکیده
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.
منابع مشابه
Classic Monopsony or New Monopsony? Searching for Evidence in Nursing Labor Markets
Prior studies find that hospitals face upward-sloping RN labor supply, which is taken as evidence of monopsonistic power. But previous research finds little relationship across labor markets between RN wages (relative to alternative wages) and measures of market size or hospital density. This inconsistency might be resolved if “classic” monopsonistic power varies over time owing to demand-suppl...
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The market for registered nurses (RNs) is often offered as an example of "classic" monopsony, while a "new" monopsony literature emphasizes that firm labor supply is upward sloping independent of market structure. Using data from multiple sources, we explore the relationship between nursing wages in hospitals and measures of classic and new monopsony. Wage level analysis fails to provide suppor...
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ورودعنوان ژورنال:
- Journal of health economics
دوره 14 4 شماره
صفحات -
تاریخ انتشار 1995