The labor market of nurses has been plagued by reports of persistent shortages, which raise conce... more The labor market of nurses has been plagued by reports of persistent shortages, which raise concerns about the quality of health care. The formulation of appropriate policy intervention requires knowledge of the factors shifting the demand and supply of nurses. This paper develops a model of the nursing labor market, in which the demand and supply curves are identified from the observed employment and wages using econometric techniques. It is found that the short term wage elasticity of supply is not significantly different from zero, and hence the employment trends in the nursing labor market follow a cobweb pattern, where the quantity supplied adjusts to exogenous increases in demand, but with a lag, causing shortage in the meanwhile. An appropriate policy instrument would be to subsidize nursing education, which would increase supply in anticipation of increased future demand.
Click here if your download doesn"t start automatically Moral Markets: The Critical Role of Value... more Click here if your download doesn"t start automatically Moral Markets: The Critical Role of Values in the Economy Moral Markets: The Critical Role of Values in the Economy Like nature itself, modern economic life is driven by relentless competition and unbridled selfishness. Or is it? Drawing on converging evidence from neuroscience, social science, biology, law, and philosophy, Moral Markets makes the case that modern market exchange works only because most people, most of the time, act virtuously. Competition and greed are certainly part of economics, but Moral Markets shows how the rules of market exchange have evolved to promote moral behavior and how exchange itself may make us more virtuous. Examining the biological basis of economic morality, tracing the connections between morality and markets, and exploring the profound implications of both, Moral Markets provides a surprising and fundamentally new view of economics-one that also reconnects the field to Adam Smith's position that morality has a biological basis. Moral Markets, the result of an extensive collaboration between leading social and natural scientists, includes contributions by neuroeconomist Paul Zak; economists Robert H.
The paper describes the role of ideological change in India's economic liberalization and provide... more The paper describes the role of ideological change in India's economic liberalization and provides evidence for it. Since the 1980s the most prevalent ideology has changed from condemning commerce and profit as antisocial , to tolerating-even applauding-commercial success. The paper reports on a content analysis of the most popular Hindi film each year since 1955, and finds that characters of rich merchants have changed from being portrayed as villains to being portrayed as heroes.
... Sustaining India's Growth Miracle Edited by Jagdish Bhagwati and Charles C... more ... Sustaining India's Growth Miracle Edited by Jagdish Bhagwati and Charles Calomiris. NimishAdhia. Article first published online: 23 NOV 2009. ... Register now >. Get PDF (252K). More content like this. Find more content: like this article. Find more content written by: Nimish Adhia ...
The labor market of nurses has been plagued by reports of persistent shortages, which raise conce... more The labor market of nurses has been plagued by reports of persistent shortages, which raise concerns about the quality of health care. The formulation of appropriate policy intervention requires knowledge of the factors shifting the demand and supply of nurses. This paper develops a model of the nursing labor market, in which the demand and supply curves are identified from the observed employment and wages using econometric techniques. It is found that the short term wage elasticity of supply is not significantly different from zero, and hence the employment trends in the nursing labor market follow a cobweb pattern, where the quantity supplied adjusts to exogenous increases in demand, but with a lag, causing shortage in the meanwhile. An appropriate policy instrument would be to subsidize nursing education, which would increase supply in anticipation of increased future demand.
Click here if your download doesn"t start automatically Moral Markets: The Critical Role of Value... more Click here if your download doesn"t start automatically Moral Markets: The Critical Role of Values in the Economy Moral Markets: The Critical Role of Values in the Economy Like nature itself, modern economic life is driven by relentless competition and unbridled selfishness. Or is it? Drawing on converging evidence from neuroscience, social science, biology, law, and philosophy, Moral Markets makes the case that modern market exchange works only because most people, most of the time, act virtuously. Competition and greed are certainly part of economics, but Moral Markets shows how the rules of market exchange have evolved to promote moral behavior and how exchange itself may make us more virtuous. Examining the biological basis of economic morality, tracing the connections between morality and markets, and exploring the profound implications of both, Moral Markets provides a surprising and fundamentally new view of economics-one that also reconnects the field to Adam Smith's position that morality has a biological basis. Moral Markets, the result of an extensive collaboration between leading social and natural scientists, includes contributions by neuroeconomist Paul Zak; economists Robert H.
The paper describes the role of ideological change in India's economic liberalization and provide... more The paper describes the role of ideological change in India's economic liberalization and provides evidence for it. Since the 1980s the most prevalent ideology has changed from condemning commerce and profit as antisocial , to tolerating-even applauding-commercial success. The paper reports on a content analysis of the most popular Hindi film each year since 1955, and finds that characters of rich merchants have changed from being portrayed as villains to being portrayed as heroes.
... Sustaining India's Growth Miracle Edited by Jagdish Bhagwati and Charles C... more ... Sustaining India's Growth Miracle Edited by Jagdish Bhagwati and Charles Calomiris. NimishAdhia. Article first published online: 23 NOV 2009. ... Register now >. Get PDF (252K). More content like this. Find more content: like this article. Find more content written by: Nimish Adhia ...
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