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Firm-Sponsored General Education and Mobility Frictions: Evidence from Hospital Sponsorship of Nursing Schools and Faculty

39 Pages Posted: 28 Mar 2011 Last revised: 18 Mar 2013

Alan Benson

University of Minnesota - Twin Cities - Carlson School of Management; Massachusetts Institute of Technology (MIT)

Date Written: March 24, 2011

Abstract

This study asks why hospitals provide direct financial support to nursing schools and faculty. This support is striking because nursing education is clearly general, clearly paid by the firm, and information asymmetries appear minimal. Using AHA and survey data, I find hospitals employing a greater share of their MSA’s registered nurses are more likely to provide direct financial support to nursing schools and faculty, net of size and other institutional controls. Given the institutional context, I interpret this result as unusually-specific evidence that technologically-general skill training may be made de facto-specific by imperfect and costly mobility.

Keywords: Human Capital, Firm-Sponsored General Education, Mobility, Monopsony, Nursing Manpower

JEL Classification: J24, J21, J31, J42, I2

Suggested Citation

Benson, Alan, Firm-Sponsored General Education and Mobility Frictions: Evidence from Hospital Sponsorship of Nursing Schools and Faculty (March 24, 2011). Journal of Health Economics, Vol. 32, No. 1, 2013. Available at SSRN: https://ssrn.com/abstract=1794304 or http://dx.doi.org/10.2139/ssrn.1794304

Alan Benson (Contact Author)

University of Minnesota - Twin Cities - Carlson School of Management ( email )

19th Avenue South
Minneapolis, MN 55455
United States

HOME PAGE: http://https://sites.google.com/site/amb263/

Massachusetts Institute of Technology (MIT) ( email )

77 Massachusetts Avenue
50 Memorial Drive
Cambridge, MA 02139-4307
United States

HOME PAGE: http://web.mit.edu/alanmb/www/index.htm

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