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Registered Nurse Labor Supply and the Recession — Are We in a Bubble?

New England Journal of MedicinePublished 23 March 2012
Douglas O. Staiger, David I. Auerbach, Peter I. Buerhaus
Citations115
SJR quartileQ1
SJR score19.08
SNIP13.47

TL;DR

Hospital employment of registered nurses increased dramatically during the recession, making it seem as if the decade-long national shortage of RNs had ended, but RN employment is countercyclical, and the bubble is likely to burst during the next several years.

Abstract

Hospital employment of registered nurses (RNs) increased dramatically during the recession, making it seem as if the decade-long national shortage of RNs had ended. But RN employment is countercyclical, and the bubble is likely to burst during the next several years.

Keywords

Health ProfessionsEconomics, Econometrics and Finance