Firm-sponsored general education and mobility frictions: Evidence from hospital sponsorship of nursing schools and faculty
AbstractThis study asks why hospitals provide direct financial support to nursing schools and faculty. This support is striking because nursing education is clearly general, clearly paid by the firm, and information asymmetries appear minimal. Using AHA and survey data, I find hospitals employing a greater share of their MSA's registered nurses are more likely to provide direct financial support to nursing schools and faculty, net of size and other institutional controls. Given the institutional context, I interpret this result as unusually specific evidence that technologically general skill training may be made de facto-specific by imperfect and costly mobility.
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Bibliographic InfoArticle provided by Elsevier in its journal Journal of Health Economics.
Volume (Year): 32 (2013)
Issue (Month): 1 ()
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Web page: http://www.elsevier.com/locate/inca/505560
Training and education; Monopsony and labor market segmentation; Nursing Manpower and Shortages; Labor Mobility; Firm-sponsored general education;
Find related papers by JEL classification:
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
- J42 - Labor and Demographic Economics - - Particular Labor Markets - - - Monopsony; Segmented Labor Markets
- I2 - Health, Education, and Welfare - - Education
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- Alan Manning, 2010.
"Imperfect Competition in the Labour Market,"
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dp0981, Centre for Economic Performance, LSE.
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