Health Economics Resource Center (152)
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NBER Working Papers and Publications
|September 2011||Human Capital and Organizational Performance: Evidence from the Healthcare Sector|
with Ann P. Bartel, Nancy Beaulieu, Patricia Stone: w17474
This paper contributes to the literature on the relationship between human capital and organizational performance. We use detailed longitudinal monthly data on nursing units in the Veterans Administration hospital system to identify how the human capital (general, hospital-specific and unit or team-specific) of the nursing team on the unit affects patients' outcomes. Since we use monthly, not annual, data, we are able to avoid the omitted variable bias and endogeneity bias that could result when annual data are used. Nurse staffing levels, general human capital, and unit-specific human capital have positive and significant effects on patient outcomes while the use of contract nurses, who have less specific capital than regular staff nurses, negatively impacts patient outcomes. Policies...
Published: “Human Capital and Productivity in a Team Environment: Evidence from the Healthcare Sector” (with Nancy Beaulieu, Ciaran Phibbs and Patricia Stone), American Economic Journal: Applied Economics, April 2014.
|July 1999||Is There Monopsony in the Labor Market? Evidence from a Natural Experiment|
with Douglas Staiger, Joanne Spetz: w7258
A variety of recent theoretical and empirical advances have renewed interest in monopsonistic models of the labor market. However, there is little direct empirical support for these models, even in labor markets that are textbook examples of monopsony. We use an exogenous change in wages at Veterans Affairs hospitals as a natural experiment to investigate the extent of monopsony in the nurse labor market. In contrast to much of the prior literature, we estimate that labor supply to individual hospitals is quite inelastic, with short-run elasticity around 0.1. We also find that non-VA hospitals responded to the VA wage change by changing their own wages.
Published: Douglas O. Staiger & Joanne Spetz & Ciaran S. Phibbs, 2010.
"Is There Monopsony in the Labor Market? Evidence from a Natural Experiment,"
Journal of Labor Economics,
University of Chicago Press, vol. 28(2), pages 211-236, 04.
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