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Labor adjustment in the Japanese health care industry: some empirical evidence
Author(s) -
Inagaki Kazuyuki
Publication year - 2012
Publication title -
health economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.55
H-Index - 109
eISSN - 1099-1050
pISSN - 1057-9230
DOI - 10.1002/hec.1691
Subject(s) - empirical evidence , health care , healthcare industry , economics , labour economics , business , economic growth , philosophy , epistemology
SUMMARY This paper examines the labor adjustment costs in the health care industry. Using Japanese data, we find that the cost of hiring new health care workers is the largest component of labor adjustment costs in the health care industry. Hence, it is difficult for employers in this industry to immediately increase the number of workers since this employment adjustment is extremely expensive. Copyright © 2010 John Wiley & Sons, Ltd.