Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/46305
Authors: 
Pauly, Mark V.
Saxena, Anand
Year of Publication: 
2011
Series/Report no.: 
CESifo working paper: Public Finance 3481
Abstract: 
This paper 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 United States 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.
JEL: 
I10
Document Type: 
Working Paper

Files in This Item:
File
Size
347.32 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.