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
Recommended Citation
Pauly, M. V., & Saxena, A. (2012). Health Employment, Medical Spending, and Long-Term Health Reform. CESifo Economic Studies, 58 (1), 49-72. http://dx.doi.org/10.1093/cesifo/ifr030
Date Posted: 27 November 2017