Healthcare Economist January 4, 2022
Recent news articles have spilled much ink about the current nurse shortage. According to Pew, due to nursing shortages “Hospitals nationwide are canceling nonemergency surgeries, struggling to quickly find beds for patients and failing to meet the minimum nurse-patient ratios experts recommend.” Nursing wages are rising as well. The Baltimore Sun reports that the University of Maryland Medical System is planning to spend $5.1 million to recruit nurses. However, these are anecdotal accounts. What do the data say at the national level?
A paper by Buerhaus et al. (2022) uses aggregate payroll data from the Bureau of Labor Statistics and unemployment data from the Current Population Survey (CPS). The data cover the period from February 2020 (just before the pandemic)...
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