Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
7383754 | Regional Science and Urban Economics | 2018 | 12 Pages |
Abstract
The wage-rental ratio (W/R) decreases with total regional employment, but increases with jobs per thousand in the health sector. Exogenous factors like heating and cooling degree days are consistent with slight positive increases in the W/R. Inclusion of W/R in a model that accounts for the covariance of wages and rents yields supply elasticities from + 3.47 to + 7.20 for all medical providers, and from + 0.22 to + 0.43 for registered nurses. These interregional elasticities (particularly for nurses) are consistent with estimates in other contexts.
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Economics and Econometrics
Authors
Allen C. Goodman, Brent C. Smith,