Modeling the Disruptive Impact of the COVID-19 Pandemic on Nurses' Supply and Wages

Raffaele Vardavas; Pedro Nascimento de Lima; Lawrence Baker; Christina Crowley; Katherine Grace Carman; Mahshid Abir

Abstract

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.

Publication Impact Statistics

Topics

healthcare workforce COVID-19 labor market dynamics economic modeling

Citation

@misc{vardavasModelingDisruptiveImpact2024,
	series = {{RAND} {Working} {Papers}},
	title = {Modeling the {Disruptive} {Impact} of the {COVID}-19 {Pandemic} on {Nurses}' {Supply} and {Wages}},
	url = {https://www.rand.org/pubs/working_papers/WRA1444-1.html},
	doi = {10.7249/WRA1444-1},

	language = {en},
	number = {WR-A1444-1},
	urldate = {2024-10-11},
	publisher = {RAND Corporation},
	author = {Vardavas, Raffaele and Pedro {Nascimento de Lima} and Baker, Lawrence and Crowley, Christina and Carman, Katherine Grace and Abir, Mahshid},
	month = aug,
	year = {2024},
	keywords = {Coronavirus Disease 2019 (COVID-19), Exploratory Modeling, Labor Markets, Nurses and Nursing, Students, Wages and Compensation, Workplace Well-Being}
}