Health Care Management Papers

Document Type

Journal Article

Date of this Version

3-2012

Publication Source

CESifo Economic Studies

Volume

58

Issue

1

Start Page

49

Last Page

72

DOI

10.1093/cesifo/ifr030

Abstract

This article explores the relationships between the growth in the medical workforce in an aging society and employment in other sectors of the economy, based on data from the USA since 1985. Employment in medical services grew, but did not displace employment in other sectors uniformly. Instead, regression analysis shows that medical workforce growth produced contemporaneous reductions in relative employment in the manufacturing, construction, and information sectors, while being associated with growth in other services and public administration. Import penetration and productivity growth mattered, but much of the displacement remains even after controlling for these factors.

Keywords

health care, public finance, labor markets

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Date Posted: 27 November 2017