全球智库信息集成服务系统(G2TT): Business Cycles and Healthcare Employment

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w29799
来源ID	Working Paper 29799
	Business Cycles and Healthcare Employment
	Erkmen G. Aslim; Shin-Yi Chou; Kuhelika De
发表日期	2022-02-28
出版年	2022
语种	英语
摘要	Is healthcare employment recession proof? We examine the hypothesis that healthcare employment is stable across the business cycle. We explicitly distinguish between negative aggregate demand and supply shocks in studying how healthcare employment responds to recessions, and show that this response depends largely on the type of the exogenous shock triggering the recession. We find that healthcare employment responds procyclically to demand-induced recessions; and the reduction is driven by layoffs and discharges rather than voluntary quits. In evaluating additional mechanisms, we find evidence of a reduction in real personal healthcare expenditures resulting from an adverse demand shock. By contrast, we find that healthcare employment is fairly stable and even responds countercyclically to supply-induced recessions, suggesting compositional changes such as downskilling particularly in nursing sectors. Our findings establish that employment responses during economic downturns are heterogeneous across healthcare sub-sectors. More generally, by isolating the impact of the structural demand shock from supply shock on healthcare employment, we provide new empirical evidence that healthcare employment is not recession proof.
主题	Econometrics ; Estimation Methods ; Macroeconomics ; Business Cycles ; Health, Education, and Welfare ; Health ; Labor Economics ; Labor Supply and Demand
URL	https://www.nber.org/papers/w29799
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/587473
推荐引用方式 GB/T 7714	Erkmen G. Aslim,Shin-Yi Chou,Kuhelika De. Business Cycles and Healthcare Employment. 2022.

条目包含的文件
文件名称/大小	资源类型	版本类型	开放类型	使用许可
w29799.pdf（915KB）	智库出版物		限制开放	CC BY-NC-SA	浏览