Modeling the Disruptive Impact of the COVID-19 Pandemic on Nurses' Supply and Wages
Published Aug 26, 2024
Published Aug 26, 2024
This paper introduces an economic model to describe hospital nurses' supply and wage dynamics during the COVID-19 pandemic. The model illustrates how the pandemic disrupted nurse demand, supply, and wages and represents substitution dynamics between hospital and travel nurses. Using exogenous epidemiological data as model inputs, the authors evaluate how COVID-19 cases, hospitalizations, and deaths have affected nurse labor markets.
This research was conducted in the Disaster Management & Resilience Program of the RAND Homeland Security Research Division.
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