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Factor substitution in nursing homes

机译:疗养院中的因子替代

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This paper studies factor substitution in one important sector: the nursing home industry. Specifically, we measure the extent to which nursing homes substitute materials for labor when labor becomes relatively more expensive. From a policy perspective, factor substitution in this market is important because materials-intensive methods of care are associated with greater risks of morbidity and mortality among nursing home residents. Studying longitudinal data from 1991 to 2000 on nearly every nursing home in the United States, we use the method of instrumental variables (IV) to address measurement error in nursing home wages. The results from the IV models yield evidence of factor substitution: higher nursing home wages are associated with greater use of psychoactive drugs and lower quality.
机译:本文研究了一个重要领域的因素替代:疗养院行业。具体而言,我们测量了当劳动力变得相对昂贵时,疗养院替代劳动力的材料的程度。从政策角度来看,该市场中的因素替代非常重要,因为材料密集型护理方法与疗养院居民发病和死亡的更大风险相关。通过研究美国几乎所有养老院的1991年至2000年的纵向数据,我们使用工具变量(IV)方法来解决养老院工资中的计量误差。 IV模型的结果提供了因素替代的证据:疗养院的工资较高与使用精神药物和质量较低相关。

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